Fences Are Moving Back The Correction Process Has Begun

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Two years ago, at an annual symposium conference in Houston, I was asked my opinion on where the self-storage industry was. I replied, “The fences have been moved in to little league distance, and everyone is hitting home runs”. Every owner operator looks like a major league player or Aaron Judge at the homerun derby. The success that we’ve had over the last several years has been
incredible for our industry. Year over year over year, occupancy, revenue, and NOI were off the charts. Every market looked like the homerun derby had come to town. As this happened, investors saddled their horses and rode to self-storage. This is where you want to place money and invest.

By Norman Shore