Blog

We continue in our series of blogs on the power of data. We looked in the past at new customer move-ins and existing customer move-outs revenue per square foot. As there is a certain equilibrium between new customer move-ins and existing customer move-outs, we now look at the two key performance indices (KPIs) together, along with existing customer revenue per square foot.

We have all seen the headlines. We even “feel” the headlines. Inflation in September 2022 was hotter than expected, at 8.2% over last September. According to the Federal Reserve, the central bank of the United States, “Inflation is the increase in the prices of goods and services over time. Inflation cannot be measured by an increase in the cost …

Forecasting demand is a key element of getting your price right to generate greater revenues and profits. But where to start? And how should the forecasts be used? For many self-storage stores, there is a surprising amount of “periodicity” and regularity in the way that move-ins occur during each month. Even without sophisticated methods, you…