top of page
Subscribe Now, and never miss a post
*
We'll also sign you up for our awesome Newsletter! (It's easy to unsubscribe) 

Why is self-storage the best-in-class commercial asset?

Updated: Jan 11, 2023





By Ed Clement

The numbers say it all:

• There are more SELF-STORAGE facilities in the United States than

McDonalds and Subway locations combined – and more are needed

to meet growing demand.


• SELF-STORAGE is now a $39 billion per year industry – and

projected to grow more than $1 billion per year for the next 10 years.


• Demand for SELF-STORAGE is strong – driven by such factors as

divorce, death, downsizing, and relocation plus by growth in

population, the number of renters, and household size.


• SELF-STORAGE is recession-resistant– when the economy is strong,

people buy more things and when the economy is weak, people

downsize, preferring to store their things rather than get rid of them.


• Unlike many business sectors, SELF-STORAGE is less price

sensitive to price increases – once consumers become tenants,

they want to avoid moving their possessions, so they do little or

no comparison shopping.


• 1 in 10 American families currently rents a SELF-STORAGE

unit – that’s up from 1 in 17 reported in 1995, making SELF-STORAGE a huge untapped market.


• Competition is limited and fragmented – of the approximately

52,000 SELF-STORAGE properties nationwide, only 10% to 12%

are owned by large operators, while more than 85% are owned by

“Mom and Pop” entrepreneurs.


The Storage Authority team is excited to guide you on your journey to becoming self-storage owners. Let's build one for you!


Is it time for you to learn more? I would be happy to have a 15-minute call and review the highlights of how Storage Authority can help make your self-storage goal a reality. Ed 727-946-0745


ed@storageauthority.com

https://lnkd.in/dwp_db52

Ed Clement is a franchise director at Storage Authority. One of his passions and responsibilities is helping franchisees find land by sharing how to find land both online and offline. Ed has a strong background in real estate, investment banking, and management consulting. He is available at Ed@StorageAuthority.com or 727 946 0745 to answer your questions and share the Storage Authority Franchise opportunity.


Comentarios


bottom of page