SSA Blog

The Federal Reserve’s Federal Open Market Committee did what had been expected and cut the benchmark interest rate by 25 basis points September 17.

The self storage industry is bracing for President Donald Trump’s steel tariffs 2.0 with expectations that storage construction could decline significantly this year.

Interest rates have begun an expected steep climb this year as the Federal Reserve moves to get inflation under control.

Half of the country ushered in the New Year with higher minimum wages. In total, 25 states boosted their minimum hourly pay requirement in 2022. For self storage employers operating in multiple states, keeping up with the various minimum wage rate changes can be a formidable task.

A federal appeals court panel has lifted the stay on the Biden administration’s COVID vaccine-or-test mandate for large employers, setting up a likely Supreme Court decision and perpetuating uncertainty for self storage’s biggest operators. The US Appeals Court for the Sixth Circuit ruled Friday that the Biden administration could enforce its policy to compel employers with more than 100 employees to mandate vaccines or comply with weekly testing, pending a complete review of th...

Self storage is known to perform well when the economy falters but even better when the economy is strong. Economic news has been trending mostly positive in recent weeks, leading self storage operators to remain optimistic about the year ahead.

The gloves come off when developers and neighbors go to war over the next self storage development. Developers see a business opportunity. Neighbors often sound a common alarm that self storage near their homes will diminish property values.Is that ever true?  When neighbors line up behind the microphone at community hearings to express that concern, what’s the best way to respond? None of the national commercial real estate firms have conducted extensive research on th...

Most self storage customers come from a three-mile radius surrounding a store. Likewise, the same focus on proximity is important to cities creating dense, urban neighborhoods where people can work, live and play.

On a recent September weekday, nearly 100 employees from Extra Space Storage’s Utah headquarters planted 25 trees on an unshaded field at a nearby park.The outing – part of a partnership with the Arbor Day Foundation – generated excitement and company pride among employees but also points to a broader effort by the company to seek triple bottom line benefits.“A lot of the sustainability efforts we have done to date have been easy decisions to us because they are at the in...

SSA 2019 Fall Conference & Trade Show, September 3-6 at the MGM Grand in Las Vegas. Here are a few takeaways from the sessions