In this episode, we're giving you the inside scoop on the latest earnings from Public Storage and Extra Space. We'll talk about why the market reacted so strongly, what's happening with self-storage rates, and the bigger picture of how things like rising property taxes and global economics are affecting the industry.
We're also diving into a fascinating stat about the speed of AI adoption and how it's changing how consumers search for storage. Plus, we'll get into why some markets are hot and others are struggling, and we'll share why we still believe in a long-term bullish outlook for self-storage.
In this episode, you'll hear about:
The recent stock drops for Public Storage and Extra Space and the reasons behind them.
Why development costs are so high, with some projects costing over $300 a square foot.
The different strategies of the industry's biggest players: Public Storage focusing on ground-up development, and Extra Space on loans.
An in-depth look at regional market performance, with some surprising NOI numbers.
A mind-boggling example of oversaturation in a Florida market.
Why we're seeing fewer massive residential projects getting built and the potential economic pain that could follow.
A statistic that reveals AI-driven searches have surged from 15% to 60% in the last six months.
The importance of being a responsible developer and why "easy" development isn't always your friend.
Tune in for a candid, data-driven chat that helps you stay ahead in the self-storage game!
Connect with Us:
Thaddeus Campbell:
Website: https://s3.partners/
Chris Berg:
Website: https://abernatheydev.com/
