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February 24 2018

3278 8f03 500

Why Consider Self-Storage?

Between 2000 and 2005, more than 3,000 new storage units were built each year in the USA. Between 2004 and 2007, the available storage space in Self Storage Units in Brooklyn was almost doubled compared to the previously available capacity. In 2011, the US had more than 50,000 self-storage locations with a total of 237 million square feet of storage.

A booming business

Thanks to this explosive upturn, there are not only more self-storage facilities in America than anywhere else in the world - even the competition among the providers is incomparably large. The two largest providers (public storage and extra storage) hold a total of only 7 percent market share of the US self-storage business. Although the growth of the self-storage market in America has declined significantly in recent years compared to the growth of the 1990s and early 2000s, there does not seem to be any market saturation as average self-storage utilization in 2011 was around 80%, which definitely leaves some room for improvement.

Self-storage elsewhere

Compared to self-storage in the US, businesses in Europe and Asia that offer Self Storage Units are much smaller. The direct comparison reveals that Europe, with just under 2,100 locations, is far behind the USA with its 60,000 locations. According to experts, only a few companies started the storage unit boom outside the US.

As a result of its steady growth, Self Storage Facilities in Brooklyn gradually gained popularity due to residential and business growth. In fact, the sector did so well that the American Self-Storage Association was founded. Growing interest and the increasing number of building applications for self-storage facilities reinforced the call for a single standard for self-storage companies.

This may or may not be due to America’s mentality, which thirsts for rules and norms; in any case, the demand was met only a short time later. Since then, the ASSA has tried to uniformly regulate the quality standards for self-storage companies and their customers.

Expansion is on the rise

Self-storage is still booming in the US and is becoming increasingly popular overseas. Low prices with comparatively high safety standards ensure great satisfaction and trust among customers. Often access to the rented storage spaces is possible, and most facilities offer unlimited access (24 hours a day, 7 days a week).

This is sometimes perceived as a major advantage, along with various security factors and savings. For more information concerning Storage Units in Brooklyn. contact your local provider today.

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