Storage Auctions

The Storage Locker => General Storage Auction Talk => Topic started by: MovieMan on February 09, 2011, 03:32:42 PM

Title: Wanna know how many storage units there are in the good old USA ?
Post by: MovieMan on February 09, 2011, 03:32:42 PM: These paragraphs are from Wiki.

At year-end 2009, a total of some 50,000 self storage facilities, owned by 30,235 companies, have been developed in the United States on industrial and commercial land parcels. There is more than 2.35 billion square feet of self storage in the U.S., or a land area equivalent to three times Manhattan Island under roof. The five large publicly traded storage operators (four REITs and U-Haul) own or operate approximately 9% of self storage facilities. More recently, in many metropolitan cities where competition among storage companies is fierce, better parcels of land near residential and commercial areas are being converted into self-storage once approved by zoning panels.

According to the "Self Storage Demand Study - 2007" (published by the SSA) one in ten U.S. households now rent a self storage unit. The growing demand for self storage in the U.S. is created by people moving (some 40 million Americans move each year according to U.S. Census data), and by various lifestyle transitions, such as marriage, divorce, retirement, a death in the family, etc.

The next time you get a personal jet in a locker you can hop aboard and go WAY out of state ! ;D
Title: Re: Wanna know how many storage units there are in the good old USA ?
Post by: Mr Andersen on February 11, 2011, 10:20:12 AM: This is good news, and the more lockers there are, the more auctions we will have. lol...

I a also playing with the thought of buying land and set up a storage facillity.
The only problem so far is getting investors in on it.
I have land on my hand in several states, so all tht i needed is the buildings.
Title: Re: Wanna know how many storage units there are in the good old USA ?
Post by: MovieMan on February 11, 2011, 11:17:02 AM: Quote from: Mr Andersen on February 11, 2011, 10:20:12 AM
This is good news, and the more lockers there are, the more auctions we will have. lol...

I a also playing with the thought of buying land and set up a storage facillity.
The only problem so far is getting investors in on it.
I have land on my hand in several states, so all tht i needed is the buildings.

I don't have the money (or the fortitude) for that, but go for it...remember "overhead, overhead, overhead".