Research Reports
Explore data-driven research on real estate, housing, self storage, moving trends and economic forces shaping today’s markets.
The Most Popular Items People Put In Self Storage, State By State
Self storage remains a popular service for Americans — about a third of the respondents of a recent survey said they are using self storage, or have used it in the past, and an additional 11% are planning to use it in the future. The industry saw tremendous growth in recent years — currently, there are over 1.4 billion square feet of storage space in the US, according to Yardi Matrix. About 190 million square feet, or 13% of that, were built over the past five years alone.
Online Solutions, Perks Help Honolulu Self Storage Navigate New Market Challenges
Honolulu is the most expensive city for self storage among the country’s top 100 largest cities. The monthly street rate for a non-climate controlled, 10×10 storage unit in Honolulu hovers around $276, more than double the national average for the same type of unit. According to the latest National Self Storage Report from Yardi Matrix, national street rates for standard 10×10 storage units sit at $116 per month.
Online Procedures And Fewer Vacates Keep San Diego Self Storage Buoyant
San Diego boasts not only a great climate and the world’s largest naval fleet, but its diverse and advanced industries keep the economy comparatively buoyant. Anyone moving here to take advantage of this — and San Diegans who want to maximize their lifestyles — can benefit particularly from the self storage in the city, so we talked to a local provider to see how they can help.
Holiday Spending Survey: Anxiety Over the Economy Tempers the Holiday Shopping Frenzy For Some, Others Still Splurge
The holiday season is the busiest time of the year for most retailers in the US – and across the world for that matter. This year, however, the sound of cash registers will be reduced significantly. Instead, shopping will be done online now more than ever. As the world is faced with pandemic-related challenges, many people plan to cut down on usual holiday shopping, stripping purchases to essentials and re-organizing priorities.
Chicago Self Storage Sees More Suburbanites And RVs
Chicago, famously the Windy City, weathers all manner of circumstances with its can-do attitude. And the local self storage sector is there to help too, whether residents need to move to a new home, perhaps to downsize, or simply to store precious belongings in an economical manner. We asked a leading self storage provider to tell us how the industry in the city is doing right now.
Austin TX Self Storage Adapts And Stays Strong
Austin offers many advantages to its residents, and its strong economy and job market have encouraged its self storage sector to grow over the years. To find out how the industry is doing in the city right now, we asked a leading local self storage provider. They explained how they have adapted to the challenges presented by the current pandemic, enabling them to successfully respond to customers’ changing needs.
How To Start Out In Self Storage
Entrepreneurs look for projects which tick several boxes, giving good return on investment, financial security, flexibility, and some enjoyment as well. The self storage sector can provide all of this, particularly right now when other sectors may not be so suitable. And if that wasn’t enough good news, it’s also an industry which is not so difficult to start out in.
Crossovers Conquer America As Top SUV Sales Triple In A Decade
Space and comfort have always been part of our living standards and this applies to our cars as well — and for good reason. Modern life can involve a lot of transportation and moving around, and large vehicles are simply more versatile — pickup trucks still sell very well, shifting both people and cargo. But as of late, economics started to count a great deal, and environmental awareness has also grown significantly in many people’s minds these days. You’d think, therefore, that smaller passenger cars would be storming the sales rankings right now. But there are other categories of vehicles that show how good we are at adapting and yet still meeting our needs, and the biggest success among these is currently the crossover SUV. Led by the most popular crossovers, SUVs have been outselling passenger cars for a few years now.
Who Is Renting Self Storage in the US? Baby Boomers Ahead in the Generational Storage Wars
People’s lifestyles and their attitude towards housing have changed a lot in the last decade. Many delay marrying and starting a family, but still want to live in good-quality homes that offer every desirable convenience – including expansive, uncluttered layouts. Moreover, as incomes tended to rise, spending power also allowed us to live big and own more —and the need for extra storage goes hand-in-hand with that, as the more you own, the stronger the desire to keep things organized and safe. Self storage is also strongly connected to life events and necessities. Whether you’re moving to a different city in search of a better job, downsizing and in need of a safe place for some of your belongings, owning too much stuff for the size of your home, living in multigenerational households where every square foot counts, or running a business requiring temporary storage options for paperwork or office supplies, the self storage industry is positioned to provide a solution.
Average Home Size in the US: New Homes Bigger Than 10 Years Ago but Apartments Trail Behind
During these last few months, we spent more time inside our homes than probably at any other point in our lives, and the size of our residences became all-important. The COVID-19 pandemic will probably have a long-lasting impact on how Americans – and the whole world for that matter – live and work.
Da Nang, Cancún & Mérida Best Cities for Digital Nomads, Even in Aftermath of COVID-19
The digital nomad lifestyle has become even more attractive in the aftermath of COVID-19 as working online has become more popular and doable even in industries otherwise regarded as office dependent. We’re seeing an increase in medics practicing telemedicine, lawyers offering advice online, and realtors taking buyers on virtual tours, and much of this work can be done anywhere there’s a good internet connection.