Tommy Dobczyk checks local RV and boat storage facilities and finds the market isn't saturated yet. He sees active development and real demand, but warns that generic storage won't cut it—projects need to stand out to avoid getting squeezed on rates.
Did you see what the deal was today? It's still digging around. Uh, hopefully I won't lose this. What's already in the area? Uh, right here. 202 RV Valet, Mesa RV and Boat Storage, Keep Smart Public Storage, Apache Junction RV and Boat. Hey, I built that one. Uh, Gateway Storage. So these are all out there. I didn't even think about that one. So, and then is the market saturated? Not fully, but there's two important signals to, to look at. The first one is clear operating and development activity is, is all throughout there, right? What are you doing? Get back in. So it says here, is market saturated? No, but here's the things you need to pay attention to. Dedicated RV and boat demand exists, but commodity storage is not a layup, right? So the project needs differentiation to avoid rate pressure.
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