We wanted to do a kind of “state of the market” just to let you all know what we’re seeing and hearing out there as it relates to operations, capital markets and investment sales. So we’ll start with the boots on the ground. Now, everyone from the REITs in their quarterly reports that just came…
Read MoreMARCUS & MILLICHAP ARRANGES THE SALE OF A 42,937 RENTABLE-SQUARE FOOT SELF-STORAGE FACILITY PLANO, TX, September 28, 2022 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Plano Parkway Self Storage, a 42,937 rentable-square foot self-storage facility…
Read MoreAs Higher Interest Rates Disrupt Lenders’ Financing Mechanisms, Spreads to Borrowers Climb Higher Tightening Monetary Policy kicks off widening spreads by lenders. Since the first federal funds rate hike in March 2022, the capital markets have been disrupted, due to financial market volatility revolving around inflationary pressures and expectations of an upcoming recession. Whether…
Read MoreSelf-Storage Properties Attract Broadening Range of Capital; Sector Durability and Inflation Resistance Key Storage space demand sustains momentum, extends rent climb. The self-storage sector entered the second half of the year in a strong position, having accumulated additional renter demand during the most challenging period of the pandemic. As health conditions and social behaviors…
Read MoreMARCUS & MILLICHAP ARRANGES THE SALE OF A 40,500 RENTABLE-SQUARE FOOT SELF-STORAGE FACILITY WICHITA FALLS, TX, July 21, 2022 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Easy Stor Self Storage, a 40,500 self-storage facility located…
Read MoreMore Households and Companies are Calling Texas Home, Lifting Self-Storage Needs and Drawing New Investment Lifestyle changes and improving economy boost storage needs. By fostering a broad shift to remote working and enhancing population mobility, the health crisis galvanized self-storage demand across the country. The national vacancy rate fell from 10.1 percent in March…
Read MoreFed Increasingly Aggressive in Effort to Curb Inflation; Rising Interest Rates Form Headwind for Real Estate Borrowers Fed executes steepest rate hike in decades. At its June 15 meeting, the Federal Open Market Committee (FOMC) raised the federal funds rate 75 basis points to a target range of 1.50 percent to 1.75 percent. This…
Read MoreRising Interest Rates Place Spotlight on Interest Rate Swaps and Caps; Catapulting Forward Curves Complicate Process Tightening monetary policy highlights utility of rate swaps and caps. Commercial real estate investors have long had multiple avenues for hedging against rising interest rates. The Federal Reserve’s commitment to raising interest rates, renewed by higher-than-anticipated CPI inflation…
Read MoreBooming Tech Sector Boosts Incomes, Storage Demand Economic Overview As prominent companies like Tesla and Facebook move operations to Austin this year, the metro’s job market is projected to grow substantially. Due to a thriving tech industry, Austin boasts the fastest job growth in office-using sectors among major metropolitan areas, allowing for a consumer base…
Read MoreMARCUS & MILLICHAP ARRANGES THE SALE OF AN 88,107-SQUARE FOOT SELF-STORAGE FACILITY ARLINGTON, TX, 3/31/2022 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Alpha Storage Centers, a 88,107-square foot self-storage facility located in Arlington (Dallas-Fort Worth),…
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