What is one of the fastest growing segments of the US commercial real estate market?

 

a. Luxury Homes

b. Smart Homes

c. Tiny Homes

d. Self-Storage Facilities

 

The surprising answer is “self-storage facilities!”

And www.selfstorage.org reports the annual revenue at $36,000,000,000 — 36 billion dollars!

That happens to be more than the revenue of the NFL & MLB combined — yikes!

There are approximately 48,500 storage units in the US — more than all the McDonalds & Starbucks!

All of this is absolutely C-R-A-Z-Y!

 

Which leads me to the following observations:

 

CONFESSIONS OF AN ORDINARY SELF-STORAGE UNIT:

1. I am not your friend.
2. I take your peace of mind.
3. I cannot make your stuff more valuable.
4. I cannot prevent your stuff from deteriorating.
5. I cannot guarantee that your stuff won’t be stolen.
6. I cannot protect your stuff from critters and rodents.
7. I cannot protect your stuff from extreme weather conditions.
8. I cannot guarantee that you will eventually still want your stuff.
9. I do not solve clutter problems.
10. I actually create more problems for you.

 

There may be temporary situations where renting a self-storage unit for your personal items is the only option. However, in many situations, another option would be first to eliminate the excess by selling it, donating to a local charity, sharing with a friend, or even setting it at your curb for free pick-up. 

You will feel a tremendous sense of relief when you finally close the door on an empty storage unit.

 

Delaying making a decision doesn’t really serve your best interest.

Living with less and living with limits can be a very good thing!