StorageMart: The State of the Self Storage Industry (2020)

The State of the Self Storage Industry (2020)

The self-storage industry was having yet another banner year.  For U.S. businesses, self-storage offered cost-effective and flexible space management solutions; businesses were able to expand certain capacities without increasing fixed costs.  Urban residential trends further contributed to the Industry’s growth. Then COVID-19 hit….

As we grapple with the economic impact of this global pandemic, what does it mean for the self-storage industry, regionally and nationally?

We are pleased to announce Veritec’s Dr. Warren Lieberman will be joining Mike Burnam, CEO, TKG-Storagemart Partners, L.P., Alex Burnam, Director Acquisitions and Real Estate, TKG-StorageMart Partners, LP , and Scott Zucker, Attorney, Weissmann Zucker Euster Morochnik & Garber P.C., to discuss these and other important issues affecting the self-storage industry.

Register now for this virtual seminar and panel discussion, to be held on Thursday, October 29, 2020, 2:00 – 3:00 pm Eastern Time.

Special thanks to David Paulson, SVP Ackerman & Co., for hosting this event!

Event Update

See below for the actual session.

David Paulson
0:00:00 Introductions
Mike Burnam
0:05:43 StorageMart Introduction and History
0:09:38 Self-Storage Marketing Considerations and Players
Alex Burnam
0:15:40 Future Concerns, Over-Supply, and Demand
0:24:05 Return to Normalcy and Business Intelligence
Scott Zucker
0:38:26 Price Gouging Laws and Its Impacts
0:44:10 Liability and Site Safety
0:45:30 CARES Act Impact
Warren Lieberman
0:53:17 Three Sample Markets Pricing Data Review
0:55:48 Active Price Management
0:57:40 The Rent Increase Trade-off Point
0:58:32 South Florida Case Study
David Paulson and Panel
1:05:58 Question and Answer