{"id":1004127991,"date":"2015-09-23T05:43:49","date_gmt":"2015-09-23T13:43:49","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004127991"},"modified":"2022-12-08T07:35:53","modified_gmt":"2022-12-08T15:35:53","slug":"west-michigan-business-capitalizes-on-self-storage-boom","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/west-michigan-business-capitalizes-on-self-storage-boom\/","title":{"rendered":"West Michigan Business Capitalizes on Self-Storage Boom"},"content":{"rendered":"<p><em>By Keith Loria, Contributor Editor<a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/09\/SElf-storage.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004128010\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/west-michigan-business-capitalizes-on-self-storage-boom\/self-storage\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/09\/SElf-storage.jpg\" data-orig-size=\"790,540\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"SElf storage\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/09\/SElf-storage.jpg?w=790\" class=\"alignright size-medium wp-image-1004128010\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/09\/SElf-storage.jpg\" alt=\"SElf storage\" width=\"300\" height=\"205\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/09\/SElf-storage.jpg 790w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/09\/SElf-storage.jpg?resize=300,205 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/09\/SElf-storage.jpg?resize=768,525 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/em><\/p>\n<p>Your Space Self Storage has acquired South Hudsonville Self-Storage, a 10-building storage portfolio located in Hudsonville, Mich., from a group of individual investors.<\/p>\n<p>Colliers International represented both parties in the transaction. The price was not disclosed.<\/p>\n<p>Located at 4254 Central Parkway, the 310-unit South Hudsonville Self-Storage facility, comprised of nine storage buildings and an office, offers storage units from 5 feet by 10 feet to 18 feet by 60 feet.<\/p>\n<p>It is the fifth storage facility that Your Space Self Storage has acquired in the area, including the newly converted Aslan Building on the west side of Grand Rapids, the first and only downtown, climate controlled self-storage location in the area.<\/p>\n<p>\u201cWith the economy in West Michigan continuing to show strength, we see the self-storage sector as a key part of the region\u2019s growth because access to storage facilities is critical for families and small businesses in the area,\u201d Andre Gardzella, Your Space Self Storage\u2019s owner, said in a prepared statement. \u201cThe South Hudsonville Self-Storage facility has enjoyed phenomenal success and popularity. As a local company, Your Space Self Storage is excited to take this facility to the next level of superior service.\u201d<\/p>\n<p>According to Colliers International | West Michigan\u2019s most recent quarterly report, the high demand for self-storage in the area mirrors industrial transaction trends as a whole, increasing 15.79 percent with lease transactions increasing 7.5 percent quarter over quarter, showing strong demand despite low vacancy concerns.<\/p>\n<p>According to the Self Storage Association, public storage is a $24 billion market in the United States, and the numbers are increasing every year. In fact, IBISWorld\u00a0reports that by 2019, it will surpass $30 billion, so it\u2019s no surprise that more companies are investing in the market.<\/p>\n<p>Over the past three years, the South Hudsonville Self-Storage facility has maintained an occupancy rate at or near 100 percent. It boasts high quality block construction, plus separate meters and climate control for certain units makes the facility more energy efficient and helps it reduce its carbon footprint.<\/p>\n<p>\u201cWhat\u2019s unique about South Hudsonville Self-Storage is that it provides a wide range of choices for consumers, features top-quality construction for security and safety, and reflects the economic momentum we\u2019re seeing in West Michigan,\u201d Trent Wieringa, an associate for Colliers International | West Michigan, said in the statement. \u201cWe see continued strong interest in the self-storage market, as we see in other industrial sectors. Companies are looking to expand or relocate in West Michigan, and the self-storage market is part of that dynamic growth.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Your Space Self Storage has acquired its fifth storage facility in the area.<\/p>\n","protected":false},"author":451,"featured_media":1004128010,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21742,10],"tags":[],"class_list":["post-1004127991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-latest","category-northeast"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>West Michigan Business Capitalizes on Self-Storage Boom - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/west-michigan-business-capitalizes-on-self-storage-boom\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"West Michigan Business Capitalizes on Self-Storage Boom\" \/>\n<meta property=\"og:description\" content=\"Your Space Self Storage has acquired its fifth storage facility in the area.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/west-michigan-business-capitalizes-on-self-storage-boom\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-09-23T13:43:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T15:35:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/09\/SElf-storage.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"790\" \/>\n\t<meta property=\"og:image:height\" content=\"540\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/west-michigan-business-capitalizes-on-self-storage-boom\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/west-michigan-business-capitalizes-on-self-storage-boom\/\",\"name\":\"West Michigan Business Capitalizes on Self-Storage Boom - 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