Self Storage
Self-storage is a segment of the real estate market that has continued to evolve in the past decade. The traditional rural and suburban properties with gravel driveways and roll-up metal doors are being replaced with modern facilities and sophisticated operators.
Demand drivers for self-storage assets include population growth and density, average household size, and average household income.
Developers have been busy building and converting urban, multi-story properties that feature climate and humidity-controlled spaces and high-tech security systems. In addition to providing storage to individual and business customers, some facilities also offer specialty storage for boats, classic cars, wine, and documents.
