I personally don’t understand why people have so much stuff but apparently they do as evidenced by this recent article from Biz.Times.com.
“It’s been a trend over the last several years, at least 4,878 new self storage units by the end of the year,” said Brian Parrish, CEO of Milwaukee-based PARADIGM Real Estate LLC.
Banks are very willing to lend money for self-storage projects. They are considered the safest form of real estate investment next to apartments.
About 9% of all American households currently rent a storage unit, up from 6 percent in 1995.