Surviving Market Shifts 2017 Arizona Self-Storage Update

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Let’s never forget that all real estate is cyclical. What has made these cycles in Arizona among the most dramatic in the country (along with Las Vegas) is a dangerous brew of the following ingredients: an abundant supply of inexpensive land, a disproportionately high number of real estate developers, relatively low construction costs, and minimal barriers to entry. If you are a self-storage property owner in Arizona, I know what you’re saying to yourself right now because I’ve heard it before.

By Bill Alter