The Tennessean took the temperature of Nashville’s self-storage industry last week. The takeaway? While population growth and a strong economy have sparked a wave of development, new construction may have peaked.
“You saw record occupancy in the last year and two to where they were able to charge more,” said Alexander Harris, SpareFoot.com’s web editor. “Nationwide, the consensus is that 2017 is going to be the peak year for construction, then 2018 you’ll see a peak in completions. Nashville is actually a little bit earlier in the cycle, starting to pass its peak.”
For more information, including details about a firm that offers wine storage in its projects, read the full story here.