The Inside Self-Storage Store, an e-commerce website providing research and education products for industry professionals, is now offering two new reports produced by the Self Storage Industry Group (SSIG) of commercial real estate firm Cushman & Wakefield: the Self-Storage Expense Report 2014 and the Self-Storage Market Conditions Report 2014. Both digital products are available on demand at www.insideselfstoragestore.com.
The eight-page Expense Report provides a sample of real costs per square foot for fixed and variable operating expenses and presents the data nationally and by NCREIF (National Council of Real Estate Investment Fiduciaries) region and subdivision. Data is analyzed using nine key expense categories: administration, advertising, insurance, offsite management, onsite management, repairs and maintenance, taxes, utilities, and miscellaneous. The report is $100.
The eight-page Market Conditions Report, also $100, examines the supply and demand conditions in the top 50 U.S. Metropolitan Statistical Areas (MSAs) to determine whether they are under supplied, at equilibrium or over supplied. Each market is organized by the conclusion of its market conditions and compared to a rent and occupancy index. Development information identifying new builds and renovations/additions is also included for each MSA. Its sample size of 9,156 facilities is an increase from the 2013 report and represents an estimated 50.7 percent of total supply of the MSAs.
Several other Cushman & Wakefield products are available through the ISS Store including quarterly Metropolitan Statistical Area Reports and monthly National Rental Activity Reports. Self-Storage Performance Quarterly Reports, which offer in-depth market data on a national level, are available individually or as an annual subscription. Details can be found on the website.
Cushman & Wakefield advises and represents clients on all aspects of property occupancy and investment. The firm's Valuation & Advisory Division, which includes the SSIG, is one of the largest real estate valuation and consulting organizations in the world. Founded in 1917, the company has 253 offices in 60 countries and more than 14,000 employees. It offers a complete range of services for all property types including leasing, sales and acquisitions, debt and equity financing, investment banking, corporate services, property management, facilities management, project management, consulting and appraisal.
Conceived as a central hub that allows self-storage owners, operators, developers and investors to obtain cutting-edge information and resources, the ISS Store is owned and operated by ISS, a dynamic services provider that has served the self-storage industry for nearly 25 years. The brand includes ISS magazine, the ISS Expo and Self-Storage Talk, the industry’s largest online community.
