A Note from the Founder 04.14.2025

Zachary Urow April 22, 2025

Jamie Dimon’s 2025 Shareholder Letter Flags Economic Risks

  • He points to rising tariffs and economic isolation as threats to both U.S. growth
    and international partnerships.
  • Dimon stresses that markets remain vulnerable and urges policymakers to
    address structural weaknesses and reduce uncertainty.

Top 10 Emerging Self Storage Markets of 2025

  • North Central Florida, including Ocala and Port St. Lucie, top the list due to
    population growth and an influx of new developments.
  • Sarasota–Cape Coral is experiencing over two million square feet of new storage
    construction, driving strong investor activity.
  • Secondary markets across the Southeast and Southwest are experiencing a
    notable rise in demand as people relocate and housing preferences evolve.

Our Thoughts

  • While macroeconomic volatility could slow access to capital or disrupt
    construction timelines, self-storage remains a resilient asset class, particularly in
    growth corridors where demand is outpacing supply. Operators should continue to
    underwrite conservatively, but be ready to move where the fundamentals are solid.
  • A flexible strategy focused on location intelligence, cost control, and value-driven
    services will be essential to navigating uncertainty and positioning for long-term
    performance in a shifting economic landscape.