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Out-of-state investors continue to purchase centers throughout Oklahoma. “A Denver firm paid $4.9 million for two Broken Arrow self-storage facilities...” (Source: The Journal Record). Read full article at www.OKCInvestments.com. Tips
How to Save $$$ on Your Property Insurance Did you know that Commercial Property Insurance carriers re-evaluate the risk on entire property types and areas each year? By getting quotes from several AAA rated companies each year you could save thousands on your annual premiums! Contacting a local, independent agent, or a web-based search are great ways to find out how much you could save.
Articles with Many Money-Saving Tips On my website, www.OKCInvestments.com, I’ve supplied you with links to articles by industry expert, Derek Naylor. These articles contain many tips to help save you money and get more from your property. Here are just some of the articles: Are You A Wimp? Why Being Bold Pays Off In Self Storage Marketing How To Lower Your Advertising Budget And Increase Results At The Same Time
Self Storage Associations Now Offer More Services Ever wonder what sort of legislation is on the horizon that may affect your business? Want ideas on how to attract and keep better tenants? Wondering where to locate equipment at the best prices, or need specific software to help make more profit? Joining an association may make more sense than ever before. Visit our website, www.OKCInvestments.com for a list of Associations and providers for your area. |
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Quick Facts
l The self storage industry has been the fastest-growing sector of the United States commercial real estate industry over the period of the last 30 years. l Nearly 1 in 10 US households (HH), or 10% (10.8 million of the 113.3 million US HH in 2007) currently rent a self storage unit; that has increased from 1 in 17 US HHs (6%) in 1995 – or an increase of approximately 65 percent in the last 12 years. l There are some 27,850 small business entrepreneurs (91% of all self storage companies) who own and operate just one “primary” self storage facility. l There is a self storage space inventory of 17.2 sq. ft. per U.S. household. l When asked if their local market was “overbuilt” (with other self storage facilities), by a plurality of 48.7% to 44.3%, SSA members felt their “local market” is overbuilt; however, only 15.7% (vs. 42.7%) felt that their “state market” was overbuilt; and, only 11% (vs. 31.3%) felt that the “national market” was overbuilt. l It took the self storage industry more than 25 years to build its first billion square feet of space; it added the second billion square feet in just 8 years (1998-2005) Source: Self Storage Association, Self Storage Industry Fact Sheet |
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This newsletter has been brought to you courtesy of: Robert Williams, of InterWest Realty, who in 2007 sold $58,692,000 in Commercial properties. If you would like to be added to my list of over 5,758 Buyers and Sellers who have up-to-date information such as this delivered directly to their e-mail inbox, please visit my website at: www.OKCInvestments.com or call me at (405) 822-2877 to sign up today. If you ever considered selling your property, or are just curious about your property’s current Market Value, please contact me for a FREE, confidential Market Evaluation at (405) 822-2877 , or e-mail me at Robert@OKCInvestments.com. WWW.OKCInvestments.com |
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Self Storage Owners Quarterly Industry Information, Maintenance Tips, Marketing Ideas, Sales and Financing to Help Your Business Grow First Quarter, 2008 Robert Williams, IW Realty 8315 Glenwood Ave., Oklahoma City, OK 73114
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OKLAHOMA ~ AT A GLANCE ~ Unemployment Rates: Down to 3.5% Vs. National: 4.8% Avg. Sales Price of Existing Home: UP 7% in Oklahoma City (Up 4.24% in State) Number of Foreclosures: Down 13% Vs. National: Up 80% Cost of Living: Lowest in the Nation All Major Oklahoma Products and Industries: Up and booming! |