by: Josh Parker
I know, I know- that’s a lot of numbers. But here are the facts- self-storage construction has dropped from 824 new facilities in 2019 to 463 new facilities in 2022. That’s huge, and it creates a unique and highly profitable problem that you and Storage Authority can fix. Demand.
There are many contributing factors to the slowdown the industry has seen in new construction, but ultimately none of them are as important as this- there is still plenty of opportunity out there and rental rates and demand remain high- the potential is HUGE- if you’re one of the few to reach out and grab it.
Ultimately, the slowdown of new construction is GREAT news for you! Less new competition coming to the market! Less supply to meet the demand! Less competition for great parcels of land!
Don’t get me wrong, building now may not be as easy or affordable as it was in years past, but that doesn’t make it any less of a fantastic investment opportunity. It is more important than ever to partner with the right team to avoid costly delays and catastrophic landmines.
Chances are, you’re not an expert in self-storage or development. And even slimmer odds that you’re an expert in both. That’s exactly why a franchise model makes perfect sense.
Storage Authority provides the expertise, guidance, and partnership you need. Want to develop and build a class-a premium self-storage facility? Call us today.
Read the whole article by Radius+ here: https://radiusplus.com/post/the-gradual-slow-down-of-development/
Josh Parker is VP of Technology and Development at Storage Authority. A tech guru with a background in large facility operations and team leadership, Josh is passionate about helping individuals and teams achieve success! He can be reached at josh@storageauthority.com, by phone at (942) 275-1340, and can also often be seen visiting local coffee shops across Central Connecticut.
If you want to learn more about Storage Authority Franchise Opportunities, you can request a call here www.storageauthorityfranchise.com/opportunity4