Self Storage
INVESTMENT & DEVELOPMENT
The “Stuff-Market” never crashes, and the self-storage industry has proven resilient even during economic downturns. During the recent recession, construction of self-storage facilities came to a halt due to tight lending and uncertainty. However, compared to most other real estate investments, self-storage has shown to be a more resilient and safer option.
The Right Move for Established Companies
The self-storage industry keeps evolving, and the profits go to those who stay ahead. Expanding on prime real estate often means building multi-story storage facilities, which city review boards are more likely to approve if the structures blend into the retail landscape. Beyond crowded families, businesses and individuals alike are turning to self-storage for space solutions. Keeping up with industry trends and expanding your existing self-storage facility can significantly boost your returns.
How Does Self-Storage Compare to Other Real Estate Investments? Many self-storage owners also own other businesses or rental properties. Investing in self-storage can provide relatively stable, predictable income on its own, or complement an existing portfolio of residential or commercial rental properties.
Self-Storage vs. Residential
Residential property managers often face numerous maintenance issues, with plumbing (especially toilets) being a significant source of headaches. In contrast, self-storage facilities typically have lower maintenance demands, making them a more straightforward and hassle-free investment option.
