One area of commercial real estate that's in high demand is self-storage. The average spend on construction of new facilities per year jumped to $5 billion in 2018 from $1 billion in 2015. With the coronavirus prompting moves, a likely trigger for self-storage needs, it's possible that high amounts of spend on construction may not be enough to meet the supply.
While the company remains committed to the marketplace, the company announced today that it is partnering with New York-based landlord and developer Bridgeton Holdings to bring self-storage to vacant office space. While the partnership is originally focused on the San Francisco area, the plan is to expand to properties across the country in Bridgeton's portfolio, according to Woodbury. Bridgeton, , has launched a new operating company for the project – Stuuf.
Neighbor needs that extra space, as the company has seen demand surge, according to Woodbury, as people move out of homes or do spring-cleaning during the pandemic.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Learn from Elite Entrepreneurs who made it in their field, despite obstacles & everything else. Join us on Dream Business Community and share your story - The Tony DUrso Show is shooting to 10 million downloads & is the 1 show on VoiceAmerica. - Jump in,
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
One Miami developer turned residential space into private offices - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
If you're unemployed, Business Insider wants to hear from you - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Thank god, it’s only for US
Source: BusinessInsider - 🏆 729. / 51 Read more »
LinkedIn investor Bessemer Venture Partners to establish Europe office - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
COVID-19 office return: Education most worried sector, says LinkedIn - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. ENGLISH SPREAD HAS BEEN BY ''(LOW VITAMIN D LEVELS OTHROMOLECULAR) AND JIHAD SPREADERS TO BRING DOWN COUNTRY
Source: BusinessInsider - 🏆 729. / 51 Read more »
Retailers like Macy's and Adidas are turning to virtual fitting rooms - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
How swimwear cofounders turned $30,000 loan into million-dollar brand - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I'm guessing it was attractive models.
Source: BusinessInsider - 🏆 729. / 51 Read more »