Inside Self-Storage

OCT 2018

Inside Self-Storage (ISS) is an information source for industry owners, managers, developers and investors covering news, trends, facility operation, finance, real estate, construction, development, marketing, technology, insurance and legality.

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Page 46 of 59

Colliers International Self-Storage Data Reports! Self-Storage Data Reports! • Custom Cap-Rates Report based on trend and comparable data • Custom Expense Report based on nine cost metrics and comparable data • Prepared on demand and delivered straight to your inbox ORDER NOW Tenant App DIGITAL LOCK CHECK OPEN YOUR GATE ADD UNIT NOTES VACANT LIST TENANT INFO MULTI SITE ACCESS Manager App ALLOWS YOUR TENANTS TO OPEN THE GATE FROM THEIR PHONE 800-321-1987 Management Software Separating the rankings between owned and managed property provides a glimpse into where growth is occurring. While the number of owned facilities grew 5.5 percent to more than 10,000 this year, the number of managed facilities increased 11.7 percent. Managed square feet also outpaced new square footage owned, 12.9 percent to 5.2 percent. The separate lists may also have spurred several smaller operators to submit data this year. Last year, Trojan Storage was No. 100 with 385,600 owned square feet, but No. 100 this year was West Coast Self-Storage, with 560,335 net rentable square feet. In all, just two companies that own less than 600,000 square feet of self-storage made the ranks. The smallest managed portfolio is operated by Reliant Real Estate Management LLC, with 332,064 square feet. Five companies with portfolios of less than 500,000 square made the list of top-50 management firms, compared to seven in 2017. IT'S A TIE! While most of our top-operator submissions included a specifc number for total square footage, some companies rounded their fgures. This resulted in a pair of ties on the top-100 ownership list, at Nos. 4 and 97. We applied a second level of rank to these listings based on total number of storage units, which created a clear order of appearance for these operators. October 2018 I ISS 45

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