Self Storage Outlook in Arizona

2 Replies

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.

Thanks!

@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.