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Jan 9, 2025 | 
blog.naiop.org | Maria Gatea |Marie Ruff
By Maria GateaSelf-storage construction has been on an upward trend since 2020 as the sector has become increasingly popular with American consumers, offering flexible solutions for life’s many transitions. While new construction has dominated the industry for decades, a significant shift is occurring: Existing industrial and retail buildings are being converted into self-storage facilities.
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Dec 3, 2024 | 
blog.naiop.org | Maria Gatea |Marie Ruff
By Maria GateaU.S. cities have experienced massive expansion across all real estate sectors over the past 44 years, according to recent StorageCafe research that looked at residential and commercial construction activity between 1980 and 2023. Along with residential construction, industrial, office, retail and self-storage spaces have grown significantly, although the scale and pace of development differ among regions and asset types.
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Nov 25, 2024 | 
irei.com | Maria Gatea
Self-storage construction has surged in recent decades, but not all self-storage space comes from new construction. In many cities across the country, land is in high demand and expensive, and stringent zoning laws can make it challenging for developers to construct facilities from the ground up. As a result, a growing number of self-storage developers are turning to the conversion of existing buildings into self-storage spaces.
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Jul 12, 2024 | 
storagecafe.com | Maria Gatea
Key takeaways: Nationwide, housing markets in exurbs and suburbs grew faster than in principal cities over the last decade Housing expansion is concentrated in the South, with Texas featuring seven suburbs among the top 20 fastest-growing housing markets and Florida having five A Utah suburb claims the top spot as the country’s fastest-growing housing market, having increased its total stock by over 70 times in the past decade The fastest-expanding major cities in terms of housing inventory...
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Jun 24, 2024 | 
irei.com | Maria Gatea
The self-storage industry has seen unprecedented growth lately, with the past 10 years delivering 25 percent of the total existing inventory of self-storage nationwide. Although still below pre-pandemic levels in terms of new supply, 2023 saw 53 million square feet of new space added to the market, and 2024 is on track to see the delivery of no less than 54 million rentable square feet.
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May 10, 2024 | 
rentcafe.com | Alexandra Both |Maria Gatea |Veronica Grecu |Mihaela Buzec
Founded in 1792, Raleigh, North Carolina, is the state’s capital and the seat of Wake County. It’s home to approximately 477k people, but its population continues to grow rapidly every day. In fact, both Raleigh and Durham were listed in U.S. News & World Report’s top 25 fastest-growing places in the U.S. for 2023-2024. This is thanks, in large part, to the high number of visitors over the past couple of years who’ve (understandably!) fallen in love with the city and .
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May 3, 2024 | 
industrytoday.com | Maria Gatea
The remote work surge empowers 18M Americans, with Bellevue, CA & Frisco, TX, at the forefront. One of the most impactful and farthest-reaching job market changes we have experienced over the past few years is, without a doubt, the transition toward remote or hybrid work. If such positions were very rare and exotic before the pandemic, nowadays almost 12% of the workforce in the United States, or approximately 18M employees, are working from home either permanently or occasionally.
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Feb 28, 2024 | 
inbusinessphx.com | Maria Gatea |Benjamin Little
Relocating to a neighboring town for an extra bedroom doesn’t seem to cut it anymore for many Americans. Whether seeking better jobs, friendlier housing markets or more bang for the buck in general, an increasing number of people are taking the longer route to their new homes. Interstate moving is, in fact, at an all-time high, with a record-breaking 8.2 million Americans making the move across state lines in 2022, according to a recent domestic migration report from StorageCafe.
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Dec 20, 2023 | 
storagecafe.com | Maria Gatea
Florida, Texas and North Carolina are the country’s top three states for net migration Nine of the top 10 states for net migration are located in Southern and Southwestern US, with Connecticut the only outlier The South is the only region showing population gains from interstate moving in 2022, with almost 690K net move-ins Millennials favor the South, with Texas, Georgia and Florida seeing the highest volumes of net migration among 24-to-39 year-olds in 2022 Connecticut and North Carolina —...
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Aug 29, 2023 | 
rentcafe.com | Alina Ilies |Mihaela Buzec |Alexandra Both |Maria Gatea
Renting a studio apartment can be the right choice financially, especially for those living in large urban hotspots where living space is at a premium. Whether you’re on your own or part of a couple, a studio apartment presents unique challenges in terms of space – particularly room for storage. With limited square footage, it’s a balancing game between wants and needs regarding possessions, so it’s essential to employ smart strategies to make the most of every inch. 1.
