November 5, 2013 11:15 PM
When the economy is down there are certain things that are pretty rough like selling high-end luxury cars that get poor gas mileage (but look really cool), getting approved for a small business loan, and figuring out what to invest your money in. During the recent economic downturn there was one industry that surprised many with its resiliency and ability to turn a profit. [More]
June 17, 2013 10:36 PM
People have a variety of reason that causes them to feel the need to rent a self storage unit. It may be because they are downsizing, starting an at-home business, de-cluttering the home, and a whole host of other things. However, the same thing is true about each and every reason—they just need a little extra space. [More]
February 5, 2013 8:06 PM
The self storage industry is one that has a firm hold in the United States, is growing in several other countries such as Canada, England, and Australia. Self Storage facilities are doing better and better in other countries where the industry is not too common; well enough to establish a firm foothold and give reason to believe that growth is in the near future. [More]
October 5, 2012 7:51 PM
How many times have you ever thought if you just had a little more of something you could do [fill in the blank]? If you had a little more time could you get that work out in? If you had a little more money could you afford a bigger house/car/vacation/etc.? [More]
December 9, 2011 8:06 PM
People in the United States have taken to the self storage industry since it first popped up in the 1960s. Some use it because they don’t want to clutter up their home; others because they can’t bear to throw away certain things and need the space. Growth in other countries though has been spurned by something else—they are running out of space. [More]
May 25, 2011 11:29 AM
Extra Space Storage showed solid growth in its first quarter results and its common stock is selling strong with an over-allotment option being issued yesterday. The company has also announced a quarterly dividend of $0.14 per share on its common stock for the second quarter of 2011. [More]
May 5, 2010 2:21 PM
Tennessee's historic floods last weekend are hitting poor Tennesseans the hardest. Many lost nearly everything they own when the Cumberland River came rushing through their homes. Now that the waters are starting to recede, flood victims are salvaging whatever they can. But they need a place to put the things they salvage now that their homes have been destroyed -- or at least rendered unliveable.
In response, self storage facilities all over the state of Tennessee are offering a month of free storage to flood victims. Most self storage facilities also offer free storage to tornado victims whenever there is a need. Some companies, such as Extra Space, always offer a month of free storage to first time renters. [More]
April 19, 2010 2:32 PM
A marina in Freeport, Texas, will have to move part of its drystack boat storage facility, because the storage building sticks out onto land that has been earmarked for use by the state highway department. The boat storage building encroaches 22 feet onto land that will be used to construct the new Pine Street bridge. Freeport will have to spend $347,510 to move the offending section of the building.
Although the move will be expensive, members of the Freeport Economic Development Corporation (FEDC) were pleased with the estimate, saying that it would cost about $100,000 less than they expected. Despite their pleasure at the lower estimate, FEDC members are still not certain how they will pay for the relocation. [More]
February 16, 2010 2:03 PM
The Louisiana Self Storage Association's Board of Directors announced last week that it has elected Jim Ponti, of Extra Space Storage, as its new president. At the same meeting, the board appointed Shawn Herrick as its new executive director.
Other members of the Louisiana Self Storage Association's board include outgoing president Lana Griffin, vice president Mitch Clark, secretary Tanya Amburgy, and at large members Shaun Ferguson, Allison Walling, and Eric Avery. [More]
January 26, 2010 11:13 AM
Whenever donations need to be collected to aid disaster victims or to provide to a good cause, self storage companies seem to be among the first to help out. This has proven to be equally true with regard to the Haitian relief effort. Self storage companies have jumped to the front of the relief effort with generous offers of space to hold donations. [More]