The mini-storage industry, also known as self-storage, is an industry in which storage space is rented to tenants. The tenants include both individuals and businesses and the space is typically rented on a short-term basis. The mini-storage properties vary in size and functionality, with some of the buildings now containing temperature controlled units.
Research of the industry is important in order to track investment criteria relevant to market conditions, trends, capitalization rates, and other pertinent information. Cornerstone Appraisal continually researches and gains industry insight which is critical in the valuation of this property type.