Over the last few years the average price per month to rent a storage unit in Texas has surged. According to SpareFoot reservation data, the average price of a self-storage unit in Texas increased from $67.93 a month in 2011 to $84.50 a month in 2016. That’s a jump of 25 percent.
Why is that? Following the Great Recession of 2008, builders of self-storage facilities backed off and stopped building new facilities.
That includes the big four public self-storage companies (Public Storage, Extra Space, CubeSmart and Life Storage), which account for around 10 percent of all self-storage supply.
As the populations of Houston, Dallas, Austin and San Antonio continued to grow during that period the existing supply of self-storage space reached peak occupancy in many portfolios. Operators were able to increase prices to capitalize on the constrained supply conditions.
But now the builders are developing again and 2016 is poised to be a record year for self-storage construction nationwide. Many facilities are currently under construction across the major Texas cities, and many are expected to open next year.
Average storage prices have been mostly flat since 2014, and the trend appears to continue into 2017. As more storage units come to market, we expect prices to plateau for the foreseeable future.
To learn more about trends in the Texas Self-Storage industry, take a look at more information on the SpareFoot web page covering this topic.
How’s it going Austin-ites?
As you’re surely seen by now, we have a directory of internet related companies in Austin TX included right here on the InternetAustin website itself. We truly appreciate everyone who has allowed their company to be added or volunteered to join the site on their own.
As we stay on top of the movers and shakers in the Central Texas and ATX area, we are always on the lookout for quality lists of startups, agencies, and other relevant business types. This has led us to find a range of resources (and really, Austin is rich in these types of resources).
Most recently, we were introduced to agencylist.org. It’s a pretty darn impressive national list of links to various marketing agencies, with the links sorted according to core strength (marketing, branding, SEO, or whatever the niche of choice is for each firm).
Earlier today, we came across the Austin list after someone shared it with me directly on Twitter, and I must say, the list is great!
Of course, there’s a “top option” link at the top, and our guess is that the position is available for a fee. So do your own research to find the right partner, but this should serve as a solid and useful resource for you to start your research. When you select the right agency, ask direct questions about their methodologies, tactics, and typical approaches to problem solving. You’ll find that some agencies will focus more on results and outcomes, while others may be more focused on hourly billing. You’ll have to decide what works best for your own needs.
So take a look at the page below. Hopefully you find it as useful as we did. Cheers.
Well, South by Southwest 2015 (SXSW 2015) is upon us, with the interactive portion of the festivities kicking off 10 days of parties, presentations, concerts, film screenings and more.
The weather is not very conducive to a festival just yet, but we are expected to start seeing glimpses of the sun by the time SXSWi starts. It looks like we’ll have a fantastic weekend by the time the week plays out.
The festival brings hundreds of thousands of tourists to the Texas capitol city each year, and it sounds like 2015 may be the biggest year of attendance ever. If you are coming to town, you need to be ready for a logistical challenge.
At least you get to deal with that amidst some amazing activities and music, and in one of the best cities in the world. Yes, I’m biased as a local resident, but then again, there’s a huge reason I live here. It’s pretty awesome.
Anyway, for the folks who are coming to visit, we came across the following infographic from Space Chimp Media that is a great basic survival guide for all of the various SXSW assortment of attractions. And of course, while in Austin, you absolutely have to eat some breakfast tacos, so that’s included as well.
Enjoy, and welcome to Austin for the next week or so!
Texas has quickly earned a reputation as one of the most profitable states to do business in the US. It deserves this title for a number of reasons, but one of the biggest contributing factors is the flourishing tech industry in its capital city, Austin.
Home to the University of Texas, Austin regularly graduates a plentiful supply of eager students ready to join the workforce and put their knowledge to use. A large number of people visit Austin and never want to leave, and UT students are not impervious to the city’s magnetic pull either.
The University of Texas supplies all areas of the world with accomplished graduates, but a lot of them fall in love with Austin to such an extent that they decide to remain and launch their careers in the same city they received their degrees. This on top of the daily migration of 150 potential employees helps explain why Austin has such a large number of thriving businesses.
One of the biggest reasons Austin is such an attractive spot to start a career is because of the high tech wages provided to workers and the relatively low cost of living. The average tech job in Austin pays over $93,000, but the average housing cost is barely $200K. Not only are homes in Austin affordable, but so is office space, which currently rents at about $25 per square foot.
The venture capital provided by the companies listed in this infographic — over $300 million in the first quarter of 2014 alone — ensures that startup businesses in Austin continue to grow and provide its residents with valuable services and job opportunities.
This infographic acknowledges the companies and supplementary resources that come together to make the existence of startups in Austin possible.
To view the original post, click here.
Greetings and welcome to our website, Internet Austin! This site was officially birthed on March 11, 2014, after several months of planning and deliberation about the site’s mission and vision.
At its most basic level, this website is here to highlight the latest Internet-related news, trends, products, websites, and experts in Austin, TX. We’re not just the live music capitol of the world folks, we’re also a pretty happening entrepreneurial and tech scene.
As an avid entrepreneur, Internet marketer, and techie myself, I’ve found this city to be the perfect place for me. After nearly 21 years, I can without a doubt say that this place is what I call “home”.
I’ll leave it to that for now, but please follow along as we build out the vision. If you want to be part of the adventure, please comment below and include an email address where I can reach you. This site is a project and not a business venture at this stage (but who knows where it will go later), so the ideal candidates to take part are most likely those who are equally passionate about Austin and our Internet / Tech scene, and who want to be part of a bigger cause of tracking, promoting, and building the culture of innovation in Central Texas. If that describes you, let’s talk!
Until next time…Namaste.
Feature Image above and on home page area courtesy of user aubergene on Flickr, with a creative commons attribution license.