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The State of Self-Storage Investing in Texas in 2020

Self Storage unit

If you rent or have ever rented a self-storage unit, you have Texans Russ Williams and his stepson Bob Munn to thank. In 1964, the pair constructed the first modern self-storage facility in Odessa, Texas. Of course, there were storage facilities before 1964, but Williams and Munn revolutionized the industry. . The pair added garage-style doors, allowing easier access for clients. You might say the Lone Star State is the home of modern self-storage. The Rise of Self-Storage Investing In the 1960s, Americans enjoyed unparalleled income growth. Therefore, consumerism increased nationwide, leading to more possessions in each household.  Enter the self-storage unit. As more and more homes amassed possessions, they struggled to find places for everything they owned. As a result, self-storage investing became increasingly popular as well. Throughout the decades, self-storage has shown steady returns for investors. Even during the 2008 economic recession, this sector saw positive returns. Self-storage real estate investment trusts (REITs) […]

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Bellaire Submarket Update

The Bellaire submarket is one of the smaller markets in Houston with just under 5 million SF. It is located close to the Uptown/Galleria market, Texas Medical Center, and is within the Houston-Sugar Land- Baytown metro area. The vacancy rate for Bellaire as of fourth-quarter 2019 is 12.4%, with a twelve-month net absorption of 107,000 SF of space. Bellaire Submarket Office and Medical Buildings Bellaire has an aging office inventory with most properties built in the 1970’s and 80’s, with little development taking place this past cycle. A high number of medical tenants occupy space in this submarket due to its location near Texas Medical Center. Bellaire also has strong demographics with surrounding residential neighborhoods. Some of the larger tenants that lease office space in this submarket are AT&T, Well Care Health Plans, and Texas Children’s Hospital. We see Bellaire as a good investment for tenants, especially those in the medical industry. Investors continue to […]

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