We wanted to do a kind of "state of the market" just to let you all know what we're seeing and hearing out there as it relates to operations, capital markets and investment sales. So we'll start with the boots on the ground. Now, everyone from the REITs in their quarterly reports that just came...

As Higher Interest Rates Disrupt Lenders' Financing Mechanisms, Spreads to Borrowers Climb Higher   Tightening Monetary Policy kicks off widening spreads by lenders. Since the first federal funds rate hike in March 2022, the capital markets have been disrupted, due to financial market volatility revolving around inflationary pressures and expectations of an upcoming recession. Whether...

Self-Storage Properties Attract Broadening Range of Capital; Sector Durability and Inflation Resistance Key   Storage space demand sustains momentum, extends rent climb. The self-storage sector entered the second half of the year in a strong position, having accumulated additional renter demand during the most challenging period of the pandemic. As health conditions and social behaviors...

More Households and Companies are Calling Texas Home, Lifting Self-Storage Needs and Drawing New Investment   Lifestyle changes and improving economy boost storage needs. By fostering a broad shift to remote working and enhancing population mobility, the health crisis galvanized self-storage demand across the country. The national vacancy rate fell from 10.1 percent in March...

Fed Increasingly Aggressive in Effort to Curb Inflation; Rising Interest Rates Form Headwind for Real Estate Borrowers   Fed executes steepest rate hike in decades. At its June 15 meeting, the Federal Open Market Committee (FOMC) raised the federal funds rate 75 basis points to a target range of 1.50 percent to 1.75 percent. This...

Rising Interest Rates Place Spotlight on Interest Rate Swaps and Caps; Catapulting Forward Curves Complicate Process   Tightening monetary policy highlights utility of rate swaps and caps. Commercial real estate investors have long had multiple avenues for hedging against rising interest rates. The Federal Reserve's commitment to raising interest rates, renewed by higher-than-anticipated CPI inflation...

Booming Tech Sector Boosts Incomes, Storage Demand Economic Overview As prominent companies like Tesla and Facebook move operations to Austin this year, the metro's job market is projected to grow substantially. Due to a thriving tech industry, Austin boasts the fastest job growth in office-using sectors among major metropolitan areas, allowing for a consumer base...

Self-Storage Delivers Record Performance; Investor Confidence Driving Competition for Assets Self-storage sector outperforming. Although not exempt to the challenges posed by the health crisis, self-storage properties have demonstrated remarkable resilience over the past 18 months. Prior to 2020 the sector was contending with the detrimental impact of record construction activity on rents. The swift adoption...

SPECIAL REPORT: INVESTOR SENTIMENT SURVEY RESULTSSelf-Storage Survey Points to Continued Confidence in Pricing and Performance Outlook. Arrow and Percent Represent Expectations for the Next 12 Months Continue the conversation with one of our brokers....

Self-Storage Buoyant Through Health Crisis; Demand Drivers at Point of Transition    Self-storage proves durable through pandemic.  Although not exempt to the challenges posed by the health crisis, self-storage properties have demonstrated resilience over the past 16 months. Before the pandemic arrived, the sector was contending with the detrimental effects of record construction activity on...