Store Space Self Storage Announces 2020 Q4 Results

WINTER GARDEN, Fla., Jan. 13, 2021 /PRNewswire/ --A Store Space Self Storage continued to show solid growth during the fourth quarter of 2020, establishing new records for Q4 and year-over-year activity. In Q4, the Company posted a 44% increase in leasing volume compared with Q4 of 2019. The Company also saw a 38% increase in leasing volume in 2020 compared to 2019."Our company's success hinges on the hard work of our employees across our footprint," said Rob Consalvo, COO and President of Store Space. "By supporting them with leading-edge technology, we were able to reach new heights despite the challenges presented to us and the industry as a whole from the pandemic and economic downturn."Touchless Rentals Touchless Rentals, powered by the Company's proprietary Storage360 Platform, continued strong, accounting for 50% of total leasing activity from October through December. In Q3-Q4 period, Touchless Rentals accounted for 55% of leasing activity. The offering combines the Company's online and by-phone rentals to allow customers to complete their rentals digitally without stopping in the office. "Across the industry, the need to scale touchless offerings was somewhat of a surprise," said Michael Baillargeon, Senior Vice President, Operations. "Fortunately, we were already ahead of the curve, allowing us to focus on continued growth and ways to increase usability for consumers."
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