Steady Increase In Demand Propels Self-storage Industry Forward

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As the popularity of self-storage solutions increases, the demand for self-storage units continues to rise, boosted by market expansion, shrinking homes and offices, and economic fluctuation.

Consumers and businesses continue to accumulate more things than their homes and offices can hold

As the popularity of self-storage solutions increases, the demand for self-storage units continues to rise, boosted by market expansion, shrinking homes and offices, and economic fluctuation.

"Consumers and businesses continue to accumulate more things than their homes and offices can hold," explained Dean Brown, president of American Steel Buildings, a long time provider of steel storage buildings for the self-storage industry. "The self-storage industry's future is very bright and will continue to mature along with the many demands for its use."

In fact, self-storage start-ups still enjoy the lowest failure rate of any real estate investment. This is, in part, because fluctuations in the economy do not negatively impact the self-storage industry. Instead, these ups and downs spur mobility among consumers and people who are moving make up a large percent of Self-storage's customer base.

Even with the recent decline in consumer spending, American's still have more things to store than they have space. From recreational vehicles, like boats, motorcycles and ATVs to seasonal clothing and decorations, American lifestyles create excess belongings.

The needs of businesses have also begun to shape trends in the self-storage industry. Storing files, excess inventory and equipment makes up as much as much as 30 percent of the business in today's self-storage market.

Small businesses and contractors find self-storage very appealing for the following reasons:

  • Short-term rental agreements
  • Convenient access and office hours
  • Variety of storage options, including climate controlled storage

The never ending need for storage continues to draw newcomers to the self-storage industry. With its easy start-up, low overhead, and continuing market expansion, self-storage has the potential to please investors and consumers alike for a long time to come.

To learn more about self-storage investment or to receive a free industry newsletter visit http://www.gosteelgo.com.

About American Steel Buildings:

Since its inception, American Steel Buildings has offered service and quality products to customers across the country. They design and distribute quality pre-engineered commercial steel buildings, including Mini-Storage and Self-Storage buildings, offices, shops, retail businesses, warehouses, churches, agricultural buildings, and much more. All buildings are designed to be compliant with local codes.

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