If you’re like most Americans, our toys, tools and valuable collections have outgrown our living spaces. Despite recent ups and downs in overall U.S. economy, the number of storage facilities like self-storage lockers have significantly increased over the last 10 years. One in 11 American pays an average of $91.14 per month to use a self-storage facility, that is over $1,000 a year!
Today commercial real estate investors are spending less on storage facilities than in previous years. As a result, fewer new storage facilities being built will lead to fewer business options and higher prices in the long term. Long term storage users will need to reassess their monthly expenses and make an adjustment.
