No Space? No Worries: How Storage Facilities are Changing Storage

storage facility with red doors

Every person accumulates a lot of personal valuables in a lifetime, but at some point, the accumulation or collection of these possessions may take too much space, which could lead you to consider several options. You could sell these items, give them away, or find extra space to keep them. A commercial moving and storage facility can be the solution to help you move these objects to your new place.

Multi-Use Spaces

One of the earliest self-storage buildings in America was built in 1906. The individual storage units had terracotta walls and fire-proof doors. Since then, storage units have evolved into climate-controlled state-of-the-art facilities located in multi-use buildings. Storage facility buildings no longer look like quiet rows of uninhabited warehouse blocks. Like other real estate properties, storage facilities are following industry sensibilities. New locations are built closer for accessibility. New facilities also offer more durable storage units that provide moving services too.

Growth in Self-Storage

In 2016, there were more than 58,000 self-storage facilities with 32 million individual storage units with a total of over 2.3 million square feet of space. Self-storage revenue was expected to grow by 2.9% annually and is expected to reach $32.6 billion by 2020. Self-storage facilities are expected to increase by 14% every year in the US, and growth in other countries are also likely to grow even faster. Between 2015 and 2016, China’s self-storage facilities increased by 52%, while Brazil had 25 to 30 new facilities for the period. Self-storage facilities are evolving and growing very fast. Customers are benefiting from the innovations brought about by the increasing supply of facilities, which means more accessible storage and moving for everyone.