Streams Development

With the economy and market fluctuations dominating our news feeds, you may be interested to know that self-storage is considered a top recession-resistant asset class. In fact, even during the Great Recession (2007 to 2009) and the pandemic, self-storage occupancy rates were relatively stable when compared to other asset classes. Streams Development, SVN® International Corp., Self Storage Association (SSA) - USA Inside Self-Storage

Here is an interesting fact: there are approximately 52,000 self-storage locations in the US - which is more than Starbucks, McDonald's, and Dunkin' combined! With nearly 10% of the population currently renting a self-storage unit, it's no surprise that these 52,000 locations have an average occupancy rate of more than 92%. Streams Development SVN | BlackStream, SVN® International Corp., Self Storage Association (SSA) - USA

Interested to learn more about Greenville, SC, where Streams Development is headquartered, and where we're constructing our 640 unit Public Storage facility? Check out our community profile on Greenville, a city we're proud to call home. Streams Development. SVN | BlackStream, SVN® International Corp. City of Greenville, South Carolina

The self-storage industry saw tremendous development in the years post-COVID, and 2024 finally saw new developments begin to moderate - a trend anticipated to continue into 2025 and 2026. Interestingly, even with this increased supply, demand for storage units continues to keep average occupancy rates within the 90% range. This is one of the many reasons I continue to be bullish on self-storage development. Streams Development, SVN | BlackStream, SVN® International Corp. #selfstoragedevelopment, #selfstorageinvesting Self Storage Association (SSA) - USAInside Self-Storage Urban Land Institute

December CPI has been the highest since March of this year and has risen by 0.4% month over month. While the annualized CPI now stands at 2.9%, shelter costs have risen 4.1% over the same period. With rising inflation, a strong jobs report, and an unemployment rate still at historical lows, pundits are now speculating that the Fed Rate cuts may be over and that the Fed Rate may even increase in 2025. The Fed needs to give Fed Rate increases more time to work through the economy and continue to bring prices down. Even speculation that the Fed Rate may hold steady in 2025, or there may even be increases, will see housing developments continue to sit on the sidelines for a more favorable interest rate environment. This will continue to put upward pressure on shelter costs, which are already unsustainable. Streams Development, SVN | BlackStream, SVN® International Corp. #CPI, #multifamilydevelopment, #multifamilyinvesting

The multi-family housing industry is poised for noteworthy shifts in 2025. Check out our latest blog article, where I outline what we can expect to see in 2025. Streams Development, SVN | BlackStream, SVN® International Corp. #multifamilydevelopment, #multifamilyinvesting National Multifamily Housing Council Urban Land Institute

What should we expect to see in the US self-storage industry in 2025? Check out Streams Development's last blog article to find out. Streams Development, SVN | BlackStream, SVN® International Corp. #selfstoragedevelopment #selfstorageinvesting Self Storage Association (SSA) - USA Inside Self-Storage Urban Land Institute

Earlier this year, US News and World Report named the City of Greenville, South Carolina, the Fourth-Best Place to Live in the US. If you're wondering what makes Greenville and the Upstate so special, take a look at this short video. Streams Development, SVN | BlackStream, SVN® International Corp. #yeahthatgreenville, #upstatesc, Urban Land Institute

Within 5 years, Gen Z will replace millennials as the largest multi-family rental demographic. Recent surveys suggest that 75% of Gen Z are eco-conscious and are willing to change their buying habits in support of environmentally friendly products. Multi-family developers will need to take Gen Z's unique preferences into account and offer rentals built to enhanced environmental standards and with amenities they care about. Streams Development, SVN | BlackStream, SVN® International Corp.Christie's International Real Estate National Multifamily Housing CouncilUrban Land Institute #genz, #multifamilyinvesting, #multifamilydevelopment, #yeahthatgreenville,