8750 W Bryn Mawr Suite 110 E Chicago, IL 60631
By Cara Smith-Tenta
May 15, 2020
The coronavirus pandemic is disproving a theory that the self-storage sector is inherently resistant to broader economic trends as stay-home orders and cutbacks on nonessential spending lead to fewer walk-in visits from prospective customers.
Three of the largest publicly traded U.S. self-storage providers — CubeSmart, Extra Space Storage and National Storage Affiliates Trust — all reported significant declines in their overall occupancy in April, according to their most recent earnings reports.
READ MORE...May 2020