Interesting Facts About Self-Storage Facilities

Business

Ironically, the self-storage facility sector is a booming industry in an economy that is only attempting to rebound from the aftershock recession. You may want to check out easyStorage Self Storage Wandsworth for more. The Self-Storage Association industry advocacy organisation estimates that self-storage is among the world’s fastest growing real estate enterprises. There are more than 2.3 billion square feet dedicated to personal storage in the U.S. alone-more than enough space for all Americans to potentially stand under the roof of the total self-storage space at the same time. Here are few more important self-storage stuff to hear about.

How did everything begin?

The first publicly known self-storage compartments date back to ancient China, where food was processed and preserved in underground pits. The British provided “crating” services in the Middle Ages to noblemen and dignitaries who had been away from home for long periods of time. The crates were stored in guarded barns and sold by bankers. But only in the mid-20th century in the U.S. did the concept of the modern self-storage units appear with rows of pre-fabricated metal garage units rented out to people who wanted extra storage space. Since then, self-storage has grown, where more than 25,000 entrepreneurs reportedly own and run over 50,000 facilities in the U.S. today.

What are the most common reasons why individuals use facilities for self-storage?

Lack of storage at home is the number one reason provided by most individuals who rent out a self-storage unit. Indeed, a vast majority of people that use self-storage units are homeowners, where a self-storage unit is rented by one in 10 U.S. households. This may sound unusual at first, but the industry boom is relatively easier to understand if you take into account the astronomical rise in consumption and retail sales.

Other factors include moving to a new home or renovating the home, maintaining commercial inventory and storing valuable property and documents (popular among eBay sellers and other small businesses that can not afford large warehouse spaces).

In self-storage facilities, what do individuals keep?

The most common items placed into storage by individuals include:

  1. Furniture: sofas, tables for dining, beds
  2. Equipment: stoves, fridges, washers, heating and cooling systems
  3. Electronics: televisions, old computers, audio equipment
  4. Antique furniture, rare and costly artwork, jewellery, collectible items such as old coins and stamp booklets, collector’s items and other valuable possessions:
  5. Important memorabilia and papers. Family portraits, land titles, certificates of marriage, manuscripts of authors, and many more