The self storage sector has been one of the top performing segments of the real estate investment trusts (REITs) industry in 2014, according to Real Money on July 2.
Positive things are happening within the sector. The industry has full occupancy and the demand for self-storage continues to increase. As such, some experts believe the industry may soon become consolidated.
The top 10 self storage operators are owners of only 13% of the storage facilities, while the rest are owned by small, family-owned operations, data from the Self Storage Almanac showed. Because of this, larger businesses may be looking to acquire these individual small businesses.
If you need to store your belongings in a self-storage facility, choose a facility that you can trust. The Pond Springs Mini Storage in North Austin has varied options, including climate-controlled units, that are sure to fit your needs. Call our offices at (512) 335-1500 today to ask questions or book your unit.