Self-storage is a very interesting industry. It is one of the few that has remained immune to economic downturns. Not many industries out there have a track record of such stability, particularly within real estate.
The History of the Self-Storage Industry
This industry came into being in the US post-World War II period. Since then, it has grown astronomically and with no signs of slowing down. As of 2014, there are 51,475 self-storage facilities in the U.S. alone. That’s about 2.63 billion square feet of self-storage in our nation! So do we need more self-storage facilities?