Self-storage is slipping into the same trend line. After years of high occupancy, great returns, vast amounts of new construction, and high demand for the product, most of those pecuniary points are easing, which is OK, because this pull-back, whether slight or slightly more than expected, will be doing so from record levels of performance. It’s not much different from the stock mar- ket. If we lose a percentage point or two, isn’t it better if it happens when the market is at peak than at a weak point?
BY STEVE BERGSMAN