Good morning, Store Nation! Â
Welcome back to the Hacking Self Storage podcast. Â
Today, we are breaking down Clough Road's monthly figures for October. Â
We cover quotes, reservations, conversions, square foot moved, cancellations, revenue and occupancy to understand exactly how the site performed and what the data is telling us about demand.Â
It was a challenging month overall. Low conversion rates, high move outs and a rise in cancellations have put pressure on occupancy and future revenue, and there are some clear areas that need tightening up. Â
There is still plenty of potential, but the data shows that changes need to happen quickly to stop the trend continuing into next month. Â
Hope you enjoy this episode. Â
Give it a listen!
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