A Global Leader in Self Storage Revenue Management Solutions

A Global Leader in Self Storage Revenue Management Solutions

THE LATEST

NEW blog post from Prorize – How to Fight and Win the Self Storage Pricing War.  Read more

Revenue Management Technology

PRORIZE SELF STORAGE REVENUE OPTIMIZER

Companies use Prorize’s Self Storage Revenue Optimizer™ (SSRO™) worldwide to increase revenue and improve the bottom line. SSRO analyzes hundreds of combinations of parameters (e.g., price, promotion, unit type, unit size, customer segment, competition, season, and other market conditions) to forecast demand and accurately predict the price a customer is willing to pay for each self storage unit. And while it may be pennies on the dollar, it’s the cumulative incremental revenue gained that adds up to an average lift of 10% or more over the industry average.

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SSRO BENEFITS

Maximize revenue per unit

SSRO maximizes revenue from your operations, resulting in increased valuation of your assets year over year.

Predict customer behavior

With the accumulation of accurate data over time, SSRO uncovers patterns in customer behavior, effectively segments customers, and makes intelligent pricing decisions.

Reduce human intervention & pricing errors

SSRO removes the risk of human emotion by relying on the data to predict and make intelligent price or promotion decisions.

Fewer resources dedicated to better results

SSRO reduces the time self-storage operators spend on administrative tasks – pulling data and organizing reports – and increases efficiencies.

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WHY PRORIZE?

OUR CLIENTS

HEAR FROM OUR CLIENTS

I can say with full transparency that partnering with Prorize feels very similar to partnering with a large revenue management team at one of the national REITs. Prorize is truly best in class.

- BEAU AGNELLO | COO | GO STORE IT STORAGE

When we chose Prorize, we knew we were getting first-class enterprise pricing software, but what we didn’t expect was the PhD-level industry expertise that the Prorize team brought to the engagement.  The people behind the product have been a difference-maker for us.

- RUNE PETERSEN | CHIEF COMMERCIAL AND INVESTMENT OFFICER | PELICAN SELF STORAGE

Prorize has helped increase the value of our properties and it really shows its strength during the refinancing or selling of our properties when we’re pushing the rates to maximize the income.

- CLIFF HITE | PRESIDENT | SPACE SHOP SELF STORAGE

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CASE STUDY

Argus Adds Revenue Management to Technology Stack to Help Clients Make Better Pricing Decisions

As Argus interacted with clients, it became apparent that operators did not have access to the technology or resources of REIT-owned or managed operators, making it extremely difficult to be competitive in their markets
READ THE CASE STUDY

NEWS & INSIGHTS

The Three Pillars of Value-Based Pricing

Value-based pricing is essential for a self-storage operator’s revenue management program and provides optimal results when combined with efficient value-selling…

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National Storage Adapts Industry Leading AI Pricing Software

National Storage recently announced the successful deployment of a new revenue management system at all of its 190+ locations.

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The End of Bargaining

Dataism, the emerging philosophy created by the rise of big data, is changing the world at a dizzying pace.

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REQUEST A FREE PRICING ASSESSMENT

Schedule 45 minutes today with the Prorize team to better understand the health
of your pricing process and opportunities to generate incremental revenue.

How to Fight and Win the Self-Storage Pricing War

The self-storage industry experienced a surge in demand during the pandemic, but that robust growth has ended. This article explores proven strategies operators can adopt to navigate the competitive landscape without resorting to destructive price wars.

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