Napa: Red, White & Self-Storage After an 18-plot site inspection (code for Pickleball) with my bud and host Nicholas Walker, went to SF and back to record a great Weekly Take on why SF will comeback in office due to AI and VC funding with Glenn Gilmore from Brick+Timber collective and Michael Taquino from CBRE and then delivering a keynote at the California Self Storage Association (CSSA). Like water flowing downhill, high interest rates that keep people locked in their home mortgages has negative spill over impacts on ancillary businesses like self-storage. No move = no move stuff, which has impacted what had been spectacular fundamentals pre-inflation. That said, the institutionalization of the sector pre-inflation will provide both stability and operational strength to what had been a highly fragmented sector that will enable it to bounce back quickly and improve NOI even in a softer rent market. Napa, San Francisco and Self-Storage, two great places and a great sector. SGL
Please don your Orioles gear!
Love this
Go Blue!
Dynamic duo
#goblue
Fight on Spencer!
Vice Chairman at CBRE
7moYou crushed it!! Both literally on the course and during the keynote.