Climate Controlled Storage is a Must for the Houston Climate

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It may seem that choosing self storage in Houston would be a simple endeavor: find a storage facility close to your home, rent a unit, and then fill it up with your items. The local phone books are filled with self storage options for Houston communities, which means your choice should be really easy, right? Wrong. Not all storage facilities are the same; and many people are not aware that climate controlled storage is virtually a necessity in the Houston climate.

Do I really need a climate controlled unit?

Some of the storage units around the city offer seemingly inexpensive rates for their facilities, and their advertisements can make it seem like they are offering their clients an incredible deal. But pay closer attention to the fine print, and you will discover that most of these storage companies do not offer climate controlled units. A self storage unit in Houston that does not have a controlled environment could be a dangerous proposition, considering the following;

  • The humidity in Houston during the summer months is much higher than in other areas, and a humid environment can ruin paperwork, cause mildew to grow and cause warping of wood items.
  • Temperatures get very high in the Houston summer, which means it is uncomfortable for many people to be searching through their storage units.
  • Although Houston is famously known for its heat, the winter months are generally quite cold. These weather extremes make for a potentially hazardous environment for important paperwork and breakable items.
  • It rains quite regularly in the Houston area, and a storage unit in Houston that does not provide adequate shelter from the elements may not protect your items from leaks, flooding and water seepage.

Source: http://www.bullseyestorage.com/articles

Why Business Storage in Houston is Necessary

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The simple truth is storing boxes of important documents in some dark corner or closet just doesn’t cut it. Beyond the obvious space it takes up, the documents are also exposed to damaging conditions. It’s no secret that the humidity in Houston is unbearable. Well, that humidity can wreak havoc upon sensitive documents.

Additionally, if documents are stored in an old closet, they can get exposed to leaks, dust, mold, and harmful insects. It just doesn’t make sense to place valuable pieces of information in such conditions.

By placing these sensitive files in a business storage facility, they will be protected from the harshest Houston conditions. No matter what the weather is like, the documents will be in a climate controlled facility that preserves them in a like-new condition. With the hurricanes that come through every few years, this service is invaluable to business owners.

Source: http://www.bullseyestorage.com/articles

Self-storage construction spending breaks $1 billion in 2015

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Self-storage construction spending surged last year by 73.3 percent across the US, breaking the billion dollar mark for the first time since 2008.

Total “mini-storage” construction, as the US Census refers to the sector, was valued at just over $1 billion last year, up from $584 million in spending in 2014, according to the latest government data released earlier this week.

Commercial construction’s fastest growing segment

Last year’s 73.3 percent growth, albeit coming from a much lower dollar base compared to other private-construction categories, still made mini-storage the fastest growing construction sector within the US commercial market in 2015.

The so-called services/parts sector saw the second highest growth in construction in the non-office commercial space, hitting $2.8 billion in 2015, a 34.8 percent increase over 2014, according to data.

The mini-storage sector’s growth rate was the fourth highest across all private-construction categories last year, with transportation equipment growing by 139 percent, sports facilities by 109 percent and chemical manufacturing by 81.2 percent, according to non-seasonally adjusted data from the US Census.

Tremendous business

“Business has been tremendous,” said Caesar Wright, president of Mako Steel Inc., a San Diego maker and installer of metal framing for storage facilities.

Wright estimated his business saw 50 to 60 percent growth last year. Demand for Mako’s products and services are particularly strong in the Pacific Northwest.

“Even our state of California has rebounded,” he said. “It’s been quite busy.”

Most orders are for relatively large facilities in the 60,000 to 80,000-square-foot range, though Mako recently landed a deal for a 155,000-square-foot facility in National City, California, just south of San Diego, said Wright.

Wright and others attribute the heightened activity to an improving economy, strong demand and tight supplies, and the easing of credit constraints. “Lenders are getting a little more lenient,” he said.

In many parts of the country it’s still hard to find affordable land in good locations, secure necessary zoning and building-permit approvals, and, above all, land financing, he said.

Source: by Jay Fitzgerald

USA self-storage industry statistics

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The statistics about the U.S. self-storage industry compiled by The SpareFoot Storage Beat (updated 02/29/2016).

Largest self-storage operators (publicly traded) in the U.S. (by revenue)

  1. Public Storage: $2.38 billion (2015)
  2. Extra Space Storage: $782.27 million (2015)
  3. CubeSmart: $444.5 million (2015)
  4. Sovran Self Storage (Uncle Bob’s): $366.6 million (2015)
  5. U-Haul: $211.1 million (fiscal 2015 – self-storage revenue only)

Largest self-storage operators in the U.S. (by number of facilities)

  1. Public Storage: 2,266 (September 30, 2015)
  2. Extra Space Storage: 1,335 (September 30, 2015)
  3. U-Haul (AMERCO): 1,297 (2015)
  4. CubeSmart: 629 (September 30, 2015)
  5. Sovran Self Storage (Uncle Bob’s): 545 (September 30, 2015)

Revenue in the U.S. self-storage industry according to IBISWorld

2014 (estimate): $29.8 billion
2015 (estimate): $31.6 billion
2016 (forecast): $32.7 billion

Number of self-storage facilities in the U.S.

54,009 (2015 forecast)

Amount of rentable self-storage space in the U.S.

2.63 billion square feet (2014)

Amount of self-storage space per capita in the U.S.

8.32 square feet (2014)

Percentage of U.S. households that rent a self-storage unit

9.5% (2015)

Distribution of U.S. self-storage units by size (2015)

10×10: 23.1%
10×20: 20.6%
Other: 15.6%
10×15: 14.4%
5×10: 11.3%
10×30: 6.2%
10×25: 5.3%
5×5: 3.5%

Source: sparefoot.com by Alexander Harris

Houston’s “West to East” shift in industrial warehousing demand

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We are seeing a major shift in demand from the west and northwest areas of Houston to the near northeast, east and southeast markets.  This is apparently due to the drop in upstream oil production and its related service industry and then the rise in downstream refining and favorable environment for manufacturing with lower energy, material and transportation costs.  The historically tight northwest submarket has slowed considerably and a number of substantial subleases are hitting the market.  While the East side’s industrial warehouse market, which has already been short in supply due to a lack of new development, has near 2% vacancy rates with no substantial development on the horizon.  With no land on which to build, users are now forced to move further northeast of the port where the last inner beltway vacant land still exists.

Source: centermarkrealestate.com by: Eric Hughes