Do you have a lot of extra stuff lying around your house? Maybe you’re running out of room and don’t know what to do with it all. If so, you might want to consider renting a self-storage unit! Self-storage is becoming an increasingly popular way to store belongings, and for good reason. It’s affordable, convenient, and secure. In this blog post, we will discuss some interesting facts about the self-storage industry.
1: Self Storage Comparison to the Population
There are more self-storage units in Australia than there are McDonald’s restaurants. There is also one self-storage unit per 11 people living in Australia. That means that a self-storage is a popular option for many Australians who need extra space but don’t want to spend money on an expensive home renovation project! This shows us just how much demand their units.
2: The Growth Of The Industry
In terms of square footage, there was over $40 billion worth of self-storage space constructed from 2005 through 2017 alone – this includes both commercial and residential properties alike! The total number of facilities grew by 34% during those same years which goes hand-in-hand with how quickly self-storage companies are expanding and needing to grow to reach the demand.
The self-storage industry is expected to grow even more in the years to come. It’s been estimated that there will be a total of $49 billion worth of self-storage space by the end of 2022! This growth can likely be attributed to the ever-growing population, as well as people moving more often and needing a place to store their belongings temporarily.
3: The Many Uses Of Self Storage
Self-storage facilities are not just for storing boxes and furniture anymore. In fact, many businesses are using self-storage units as an office space! This is especially popular among small business owners who don’t have the money or resources to rent out an office building. Self-storage spaces offer all of the amenities of an office building (electricity, internet, etc.), but at a fraction of the cost.
Self-storage is also a popular option for people who are in the process of moving. It’s a great place to store your belongings while you’re between homes, and it can be a lot cheaper than paying for storage space at a self-storage facility.
4: Self Storage Helps The Environment
I know that might sound clickbaity, but when looking at the research, the industry actually does reduce electrical costs and helps the environment out in the long term. This is because the majority of self-storage facilities are actually run by solar power, with huge panels being located on their roofs. In fact, most self-storage facilities in Australia generate so much solar power that they actually sell electricity back to the grid. Because the self-storage industry cuts costs by solar power, this may see them pass an increase on saving towards their customers.
There are countless reasons why self-storage is becoming such a popular choice, but these are just some of the most interesting facts about the industry! If you’re considering renting a self-storage unit, be sure to do your research first and find one that fits your needs. Thanks for reading!