Self-Storage Boom: Latest Developments
The self-storage industry is booming, and there are plenty of new developments to keep up with. Recently, 10 Federal announced plans to target $100 million for unmanned self-storage facilities. This is a major development in the industry, as it signals a shift towards more automated storage solutions.
The self-storage industry is experiencing a period of rapid growth, with more and more people opting to rent storage units instead of investing in traditional home storage solutions. With the convenience and flexibility that these facilities offer, it’s easy to see why they are becoming increasingly popular.
In addition, the top markets for self-storage deliveries in 2022 have been identified. These include Los Angeles, Dallas/Fort Worth, Houston, Atlanta and Phoenix. Developers have added 136.8 million rentable square feet of storage space in the past three years alone!
It’s not just about building new facilities though – security is also an important factor when it comes to self-storage. That’s why Inside Self-Storage has outlined actionable steps that facility owners can take today to curtail crime at their sites. These include installing surveillance cameras and motion sensors as well as using access control systems and other security measures.
Finally, it’s worth noting that investing in self-storage can be a lucrative venture – over a recent nine-year span, self-storage facility owners across the United States saw an annual return on their investments of almost 17%.
Overall, there are plenty of exciting developments happening in the world of self-storage right now – from new construction projects to improved security measures and high returns on investment. It’s definitely an industry worth keeping an eye on!
At Quick Lock Storage, we are always keeping up with the latest developments in self-storage to guarantee that you have access to the best possible storage solutions. Explore our convenient self-storage locations across Virginia today and find a solution tailored for your needs!
Sources:
- https://www.insideselfstorage.com/happenings/news
- https://www.sparefoot.com/self-storage/news/12051-10-federal-targets-100-million/
- https://www.multihousingnews.com/top-markets-for-self-storage
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