Facts About The Self-Storage Industry That Has Rocked The World

Storage, as we all know, is one of the most important aspects of any individual's life. Starting from storing data into the brain to stacking up goods in a warehouse, storage is inevitable. Addressing the needs of this minute, the self-storage industry has bloomed. Be it individual or businesses require a storage facility for material handling.

What does self-storage mean? 

As evident from the name, storage space storage units which are rented to tenants on short-term. This can be in any form like storage units, lockers, outdoor spaces. Usually, the time of renting the storage extends from monthly charges to annual charges but, for a short term. Furthermore, the storage facilities all over the world follow a similar method of leasing the space out. However, there may be minor differences in the units and the mode of payment. While many storage units prefer to charge a lump sum amount for space, some also may charge for the volume of intake.

Amazing Facts About The Storage Facilities That We Will Unveil Through This Article.

In the last few years, the self-storage service industry has grown multiple folds and piqued the interest of the investors to invest in this business. Probable reasons for the same is the rising demand for urbanization consumers and urbanization. This becomes a great help for those who are temporarily shifting to a new place for work or study. The lack of substitutes has further aided the process.

A Brief History Of The Industry

The self-storage industry dates its presence from ancient China whose exact timeline is unknown. There are many historical pieces of evidence backing the fact that the self-storage industry rose as a part of the public plan laid out by ancient Chinese civilization, but the modern facilities came to appear in the late 1960s when the first storage facility opened in Texas.

Today, the industry has grown much bigger with around 50,000 units across the globe and continuing. Isn't that amazing? Who would else have thought to extract a separate industry out of storage units? The modern units are much more optimized, thanks to the automation. According to a report, America continues to add 3000 new facilities every year after looking at the potential of the industry.

Some Modern Facts On The Self-Storage Industry

As promised, we have brought to you some distinct yet amazing facts about the industry which we find to be very lucrative soon as it not only solves the problem for space but also helps in automating the distribution and even storage.

1. Did you know that the self-storage industry is not a new concept? It started 6000 years back in China when the ancestors used to store products which they otherwise didn’t want to store in their house.

2. Every tangible item that are produced need storage spaces to store them before dispatching. However, it is not possible to store the goods in the production facility due to non-optimal environment and distance from the main market. The storage spaces have enough place and right facilities which makes sure that the products are stored aptly without being affected.

3. Even in times of recession, self-storage remains one of the flourishing industries in the real estate sector.

4. The self-storing facility is very useful in the packing and moving industry where the tenants are majorly first person or supporting agency. When an individual need to move to other cities, the person can use this self-storage facility to store their items until they have settled or moved to the other city.

5. There are many benefits that one can derive from these facilities where one can store items that need special care. For instance, there are many storage facilities with climate control infrastructure. So, if your items are sensitive to climate changes, then you can seek help from these units to store your products for extended shelf life.

6. Some storage units have increased their functions than just keeping the goods and materials in the warehouse. They have maintained records of the item which adds the function of the security and that is very essential when it comes to putting someone else with the responsibility of your materials.

7. Self-storage has become one of the lucrative options for storage for those who don’t have enough space at home to keep stuff. This becomes especially beneficial for those who are moving out for work or study or it’s a temporary movement.

So, these are some of the amazing facts and benefits that the units have started providing. With the growing innovation in technology, you can now access these units from the comfort of your home and thus, reduces the hassle of moving goods from here to there or even store them for a shorter time.