31 Mar 2020
This story originally published on Sparefoot.com.
https://www.radiusplus.com/tags/cushman & wakefield’s https://www.radiusplus.com/tags/self-storage Advisory Group is coming off a busy year, brokering $412 million in property sales nationally. The SpareFoot Storage Beat recently spoke with Mike https://www.radiusplus.com/tags/mele, vice chairman and group lead to hear about what drove that growth, as well as his views on what’s ahead for the self-storage investment market in 2020.
What were some of the factors driving sales for your group last year? https://www.radiusplus.com/tags/mele: We have a lot of long-term relationships. We also did a couple of large deals that accounted for a large chunk of that volume. The main thing is that there is just a tremendous amount of money out there chasing deals. That is driving the prices and driving a really high number of transactions, not just with us, but for almost everyone out there.
According to https://www.radiusplus.com/tags/real capital analytics, 2019 sales increased 9% year-over-year to $5.6 billion. What do you think is in store for 2020? Is there good momentum ahead for https://www.radiusplus.com/tags/investment sales? ...
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