Storage Auctions
The Storage Locker => General Storage Auction Talk => Topic started by: Travis on October 22, 2014, 09:14:50 AM
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What percentage of storage tenants would you estimate go into default?
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i think thats way too broad a question depending on where the unit is located and the local demographic. overall? i'd say 10-20% but im just throwing a guess
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Less than 1%.
http://www.dispatch.com/content/stories/local/2014/03/29/not-paying-self-storage-fees-can-be-costly.html
"According to the Washington-based Self Storage Association, business is booming. There are about 48,500 primary self-storage businesses nationwide and 1,435 in Ohio, the industry’s fourth-largest state. About 9 percent of Americans rent the units to park excess belongings or to hold items when they move, travel or downsize.
Tim Dietz of the storage association said less than 1 percent of units nationwide wind up at auction."
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Less than 1%.
Tim Dietz of the storage association said less than 1 percent of units nationwide wind up at auction."
Yeah, that would have been my guess as well. The average storage facility has 300-400 units and on average, 3 units go to sale each auction.