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Self-storage industry has an optimistic outlook on the effects of steel product prices’ increase

Recently, steel product prices have increased, and with it, an assumed effect on self-storage construction and development has been expressed. Self-storage company owners are divided on this matter, but most are bullish on self-storage’s prospects.

For instance, Wisconsin-based Trachte Building Systems, Inc. marketing manager Steven Hajewski is confident that this scenario will not effect the prosperity that the self-storage industry is now enjoying much, saying, “In the big picture, this shouldn’t be a deal-killer for healthy projects.”

Similarly, San Antonio, Texas-based Capco Steel, Inc. Charles Plunkett said, “We’ve been through numerous cycles of prices increased and then falling. Another example is the building codes that change and can cause a significant increase in cost to a development. One of these issues on its own doesn’t necessarily make a project economically unviable.”

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