I am interested in investing in a self storage syndication or going it alone in southern Arizona. Does anyone have comments on the economic outlook for Self storage in this area?
I am excited for the upcoming release of the book BP is releasing on the subject in October.
@John W. When we evaluate an area, we do take into consideration what the overall market is doing - generally speaking. If there is population growth, then there tends to be self storage growth.
Nevertheless, if we are evaluating an area, we ultimately dive down into a specific market to determine the economic outlook. The local, specific market is much more criticical to us then the "southern" portion of a state. Arizona has had a tremendous amount of growth for self storage. Which would be all the more reason we need to understand the local market to see if there are pockets of underserved markets.
name some towns or areas your interested in.