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There are several advantages of investing the self storage facilities. As an investment, Columbus Self Storage offers several advantages beyond real estate by combining the many benefits of real estate investing with those of a low-overhead, high-mar- gin business. The good news is that the gap between self-storage and other real estate types appears set to increase in the future as the market for storage continues to expand. Self-storage is already a large and emerging market. Despite the over 44,000 facilities in the United States, relatively few Americans have ever used self-storage. Industry sources calculate that only six percent of the U.S. population is using self-storage at any given time. Despite these low usage rates, occupancy levels typically average 85 percent to 90 percent nationwide. In some high-growth areas, occupancy rates are even higher. In the future, the self-storage industry will continue to grow as it draws strength from several major societal, demographic and business trends. There is a generally increasing demand for storage space. There is increased mobility. We tend to move around a lot and we like to take our stuff with us. We tend to accumulate possessions in ever-increasing numbers. Many of us find it difficult to let go of our stuff. This is especially true when items hold a nostalgic value, such as a deceased loved one's favorite chair. We're active and we enjoy our jet skis, boats, RVs, etc. These toys are typically large and getting larger. Many new communities do not allow these toys to be stored on the street or in front of a home. All this stuff requires an increasing amount of storage space. Little of this demand has been met by the recent proliferation of new homes, condominiums and apartments. The majority of this new construction fails to meet the storage needs of today's families. Then there are demographic trends: Many retirees downsize their primary homes only to discover that they no longer have enough storage space for their possessions. More and more Americans are buying second homes, increasing the demand for storage space. As baby boomers' kids move on to college, their parents often downsize into a smaller home. Now they need to find columbus Self Storage for their “stuff’ as well as all the possessions left behind by college-bound kids. Students in college accumulate new belongings (such as computers, entertainment centers, clothes, etc.) further increasing the overall demand for storage space. Many business trends are also contributing to the growing need for storage, including: The Changing Workplace- Offices are getting smaller, the workforce is becoming mobile, more and more of us are working as independent contractors. To help reduce costs, many small businesses are moving out of large offices, opting to rent storage space and operate out of a smaller office. Author Resource : Jeson Clarke writes informative and unique articles about http://www.storagecolumbusohio.com/faq/.
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