Self Storage Business Plan

Typically, these are the types of properties that evoke memories of your first drive-by encounter.

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This recent renaissance, as we’ll call it, has been a long time coming for an industry that has been often looked at as the ugly duckling of the US business sector.

To understand the industry’s current landscape, we must first acknowledge its not so glamorous origins.

It’s easy to see why the ugly duckling connotation has stuck around for so long.

Think of the first time you drove past a storage business.

Now, these voids are convalescing into viable business investments, all thanks to self-storage.

In fact, based on an article about experts predict 10 percent of the estimated 500-700 new self-storage projects this year will be based on what the industry calls “conversions.” Conversion projects not only allow vacant buildings to become part of the economy; at the same time, they can tie in historical elements that naturally intrigue users.

Luckily, change is underway, which is helping to resculpt the history of this industry.

Here are six reasons that demonstrate this rise of self-storage.

There were probably rows and rows of steel buildings with garage doors lining the horizon.

There was probably no sign of life on the property, weeds growing through the asphalt and a front office that appeared as though it hadn’t been updated since it was built.

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