swered yes to that question, explained why, and admitted to wishing it was still their secret going into 2021.
Like any commercial real estate sector, storage is likely to “feel some pain” as a result of the macro conditions experienced last year, according to Rick Schontz, president and CEO of City Line Capital. However, “similar to the last economic downturn,” it will be one of “the last to go in and the first to come out — with really only one year of negative revenue growth."
Self-storage is “certainly more resistant than retail and lodging and even some market-rate multifamily assets,” he continued during the Dec. 8 event. “We’re not going to see large fluctuations.”