2013 Results – Share Prices Low Growth, but Profits High
Although share prices of the publicly traded REITS only rose 4.76%, the companies with in the group showed great financial results with same store sales solidly up. In fact, the Self Storage REITS should be poised for a strong 2014, if interest rates continue to remain low.
2014 Should Be a Good Year for Self Storage Operators
The low self storage vacancy levels should continue to pressure to increase rental prices. With strong demand for acquisitions of self storage properties, values should also continue to grow. The self storage industry is additionally poised to improve as the overall economy gets better relative to employment, housing, and pressure to keep low interest rates.
If you are in the market to rent a self storage unit in San Clemente, San Clemente Self Storage is here to help. We are currently offering a 15% rent discount, plus the Free use of our move in truck and driver. Although storage unit inventory is tight, we still have some great opportunities for you to get a low rental rate and a self storage unit to meet your needs. Call San Clemente Self Storage today at 949-366-1133.