News & Research

Delaney represented Route 59 Self Storage and the buyer in the transaction.

“The owners, who were already retired, had inherited the property and didn’t want to own and operate the property anymore,” said Delaney...“Despite the headlines, Chicago is still an attractive market to own and operate as demonstrated by Storage Post’s recent entry into the Chicago market with a five-property acquisition,” said Delaney. “There are many submarkets in Chicago that continue to see achieved rents increasing with strong leasing activity.”

Marcus & Millichap arranged the sale of Self Storage of Beach Park, a 57,040-square-foot self-storage property in Beach Park, IL. Sean M. Delaney, senior managing director investments, marketed the property for the seller...The buyer, Extra Space Storage, was also secured by Delaney. Delivered in 2021, the property offers 197 non-climate-controlled units and 250 climate-controlled units...From June 2022 Self Storage of Beach Park experienced an average monthly revenue growth of 4.28%.

Key CPI measures resume descent. Annual     growth in the headline and core consumer price indices — the latter of     which omits food and energy — lowered to 3.4 and 3.6 percent in April,     respectively. While bumpy inflation over the last few months curbed Wall     Street expectations for near-term overnight lending rate cuts by the     Federal Reserve, April's cooler ...

More prospective buyers and sellers coming to terms. The number of existing single-family homes available for purchase swelled to a 40-month high in February 2024, reaching a level not seen since late 2020 and providing prospective buyers with new opportunities. Along with this increase of homes on the market, the pace of sales escalated in February to the strongest measure since the same month of 2023...

The growing number of occupied self-storage units across the country underscores the sector's durable property performance metrics. From this foundation, self-storage operations and investment dynamics are evolving. To help both new and experienced investors identify opportunities this year, Marcus & Millichap presents the 2024 Self-Storage National Investment Forecast. 

Marcus & Millichap announced today the sale of Superior Self Storage of Rockford, a 31,210-square-foot self-storage property located at 1711 York Ave in Rockford, Illinois. The asset sold for above price guidance with multiple offers received. Senior Managing Director Sean M. Delaney had the exclusive listing to market the property on behalf of the seller...the buyer, a limited liability company, was secured and represented by Delaney...

Marcus & Millichap arranged the sale of Lake Avenue Lock-Up, a 45,250-square-foot self-storage property located in Wilmette, Illinois. Jeffrey Herrmann, First Vice President, and Sean Delaney, Senior Managing Director had the exclusive listing...The Northshore self-storage asset received multiple competitive offers and is situated in a strong demographic area with a high barrier to entry and limited supply.

Marcus & Millichap closed the sale of KCI RV Storage & Development, a 104,850-square-foot self-storage facility in Smithville, Missouri. Robert Cook, Senior Associate, and Sean Delaney, Senior Managing Director had the exclusive listing to market the property on behalf of the seller...The buyer, a limited liability company, was secured and represented by Cook and Delaney.

Positive Economic Outlook Bolsters a Larger Self-Storage Renter Base

Key Features Include:

• Metro-level analysis of demographics and self-storage demand drivers
• Overview of current construction trends and rental utilization
• Supply, vacancy and asking rent forecasts for various metros

Watch webcast replay on the latest indicators and forward-looking insights from industry leaders covering: jobs, FED outlook, impact of interest rates on valuations, real estate supply/demand and sector variations.

Will Rising Sentiment Revive Commercial Real Estate?

Marcus & Millichap has brokered the sale of TEPCO Storage, a 45-unit self-storage facility in New Braunfels, located on the northeastern outskirts of San Antonio...Sean Delaney, also with Marcus & Millichap, represented the buyer..."

Marcus & Millichap has brokered the sale of Access Mini Storage, a self-storage facility totaling 96,715 rentable square feet in Zeeland, a city in western Michigan...Sean Delaney of Marcus & Millichap represented the buyer and seller..."

"Extra Space Storage, Inc. and Life Storage, Inc. announced that the companies have completed their previously announced merger...The combined company is now the largest storage operator in the country with over 3,500 locations..."

"Marcus & Millichap closed the sale of Lok-Safe Storage, a 487,081-square foot, 12-property self-storage portfolio located in Green Bay, WI...The buyer, a limited liability company, was secured and represented by Sean M. Delaney..."

"Seller financing was the key to getting this transaction accomplished at a price that met the seller's expectations..." - Dave Knobler

As the self-storage sectors exits a landmark performance period, multiple factors continue to uplift the long-term outlook...

Read more about the U.S. self-storage market and forecast.

Sean Delaney of Marcus & Millichap has brokered the sale of the Champion Storage portfolio in Sheboygan...The portfolio totals five properties and 1,167 units. At the time of sale, the portfolio was 95 percent occupied... 

How CRE is Performing Against the S&P 500?

- Has CRE outperformed the S&P 500 over the last year?

- Which investment offers stronger more stable performance?

- Key factors reiterating the value of CRE

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 normalize...

Some pandemic-era demand drivers exhibit staying power. An abrupt switch by most traditionally office-using employers to remote schedules in 2020 translated to a sharp increase in demand for self-storage space as workers created their home offices. Though most major metros have since rescinded lockdown restrictions...

Self-storage operators saw record performance over the last two years as lifestyles adapted to the pandemic. To help investors adapt to and capitalize on the unprecedented climate, the 2022 Self-Storage Investment Forecast offers deep insight on the performance, investment and financing environment for the coming year. 

Watch the replay of this lively discussion with the Honorable Henry M. Paulson, Jr. The CEOs of Marcus & Millichap, TruAmerica Multifamily and ICSC hosted the former CEO of Goldman Sachs and 74th Secretary of the United States Treasury...

Marcus & Millichap closed the sale of A-Z Self Storage, a four-property self-storage portfolio in La Porte and Plymouth, Indiana...

This self-storage report shares an analysis of the sector's historic Q2 performance, recaps our latest investor sentiment survey and a breakdown of the Country's top 20 metros 

Over 400 Market Participants Offered Their Perspective on Where They Think the Industry is Headed over the Next 12 Months

Putting the New Tax Proposals in Perspective - Where They are Now, Probable Outcomes and How to Prepare

Commercial Real Estate Investment Outlook: 

2021 and Beyond

2021 Outlook: Has Self-Storage Real Estate Changed Forever?...

2021 Outlook: Has Self-Storage Real Estate Changed Forever?...

Speculative Construction Could Put Upward Pressure on Office and Industrial Vacancy...

Watch the replay of a one-hour webcast featuring Dr. Ben S. Bernanke...