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January 14, 2022

Globe St.

For Globe St., partner Evan Hudson explains that the self-storage sector had a shaky start during the COVID-19 pandemic but, like many other real estate asset classes, was buoyed by consumer migration to new markets, as well as by enhanced unemployment benefits and bond purchases by the Fed.

“More people are moving, especially from dense urban cores to the periphery. As they move about, they need a place to stash their stuff," Evan says. 

Though migration and other factors heated up the self-storage sector, Evan adds, the market is poised for long term growth. “I see continued strength, and continued development of higher-quality assets in prime locations,” he explains. “Ideally, demographic shifts and increased scale should be reflected in stock prices.”

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