The majority of people don’t find storage units particularly exciting because they are an integral part of modern life. It’s possible that people believe that Self-Storage Units are just for keeping things. However, they actually serve a number of useful purposes.
They can be used to keep your belongings safe, and if you need more space, you can even rent a storage space.
People who have moved offices or homes are big fans of Self-Storage Units. It also works well for storing furniture, tools, equipment, and other big things.
Renting a unit before moving into your new home is an option to consider. The service of self-storage has existed for hundreds of years, and its economic numbers are significantly higher than one might anticipate.
6 Most Underrated Facts About Self-Storage Units:
1. Costs quick to estimate:
Concerned about the additional expense, some people avoid renting storage units. The majority of people should be concerned about paying an additional monthly fee because storing things at a self-storage facility typically involves significant lifestyle changes.
By looking at industry averages online, you can quickly and easily figure out your anticipated monthly budget. According to The Spare Foot, Self-Storage Units costs an average of $1.25 per square foot per month across the nation. Using this, you can estimate your spending for your needs.
2. US Self Storage Units are Almost Full:
Americans are known to use self-service facilities the most. It’s because they buy so many things, people say.
If people continue to store things at this rate, they will require additional storage space. It is simple and even encourages Self-Storage Units use.
People have the ability to choose what they store in Self-Storage Units facilities.
During the hours that the storage facilities are open, they can access their belongings whenever they want. In 2015, a nationwide study found that 90% of storage facilities were occupied.
3. Most People Rent Self Storage for Long Term:
These days, self-storage units in Mississauga are becoming so popular that some people simply choose to lease one from a company rather than own one.
According to statistics, many people who only intended to rent for a short time ended up renting for much longer than they anticipated, typically for over a year.
This demonstrates that the majority of people rent storage units for longer than anticipated due to their widespread popularity.
4. Self Storage isn’t Exactly New:
According to their findings, storage units from ancient China date back 6,000 years. The ancestors had a lot of stuff in these units that they didn’t want to keep at home.
Extra flip-flop sandal pairs, family heirlooms, collectibles, and valuable possessions were among these ancient items, providing insight into how people will continue to utilize storage units in the not-too-distant future.
However, it is likely that Omaha, Nebraska, in the United States, is where modern storage facilities got their start. Martin and John Bekins founded the Bekins Van and Storage Company. Three horse-drawn carriages, which they referred to as vans, were their initial fleet.
5. Rural Areas have the Most Self Storage:
It would stand to reason that the most populous metropolitan areas would be some of the largest markets for self-storage, but this is not the case at all. It turns out that some less populated areas are actually hotspots for Self-Storage Units.
Omaha, as well as Wichita, Texas, Tulsa, Oklahoma, Little Rock, Arkansas, Knoxville, Tennessee, Madison, Wisconsin, and Baton Rouge, Louisiana, would be included in this. Each location has unique characteristics that make it suitable for a large number of self-storage customers.
6. Storage Space Covers 78 Squares Miles:
2.5 billion square feet, or 78 square miles, of self-storage space are available for rent. Rural areas account for 16%, urban areas for 34%, and suburban areas for 52% of storage space.
Since 2010, the number of self-storage facilities has grown by nearly 20%. In point of fact, the sector expanded by 8.2 million square feet only between the years 2011 and 2014. Even though there is more room and more growth, most apartments are almost full.
The self-storage industry has experienced a significant boom over the past ten years, but revenues were beginning to decline as vacancy rates increased nationwide. In the world of today, post-pandemic, self-storage demand appears to be recovering significantly.