What are the hottest U.S. commercial real estate markets in 2014? - Without a doubt, Orlando, FL, rules as the tourism capital of the U.S. Last year, the city hosted an estimated 57 million visitors who plunked down more than $31 billion. The continuing tourism boom... Read more.
Self-storage crime roundup: November 2013 - Cleveland | ‘Mr. X’ convicted of running $100 million charity scam Mr. X, who turned out to be Harvard-trained lawyer John Donald Cody, 67, was not too active in the courtroom last... Read more.
Stein Investment Group Plots Nationwide Expansion - Atlanta-based Stein Investment Group is in the early stages of developing a national self-storage portfolio. Since buying its first self-storage property in 2010, Stein Investment has established a... Read more.
One of the most prominent factors involved with finding a cheap storage unit is the time of year you go searching for that unit, as storage prices change due to seasonal demand. The high season typically begins in April or May and lasts till August or September, with prices dropping back down to their lowest in the late fall and winter. The high season is considered to be in full swing on National Moving Day, also called 'Crazy Tuesday,' the day after Memorial Day. Those looking for storage in areas with a large population of college students might find that seasonality affects prices on smaller unit sizes in particular, as students book 5x5s and 5x10s to store their things while they go home for the summer.
Analysts at SelfStorage.com have found that Denver is highly susceptible to seasonal changes, with storage prices varying much more widely than in most other cities. Those looking for storage here should try to hedge against these fluctuations by locking in their monthly rate. Shop for self storage in Denver during February to get the best price, when units go for an average of $39. Prices reach their highest in September, which at an average price of $199 a month you might want to avoid.
If you’re considering buying/selling a home instead of renting, it’s crucial to find a storage unit that will last you through the purchase or sale process. Especially when, according to Zillow, Denver had an average home value of $320,000 which in the past year is up 0.064%.