There are a few factors that contribute to the need for storage containers that remain stable from year to year. Death, divorce, and changing tastes are fairly certain factors, however lately the rise of the housing industry has caused a boom in business for storage container companies. With houses being put on the market and bought at a rapid rate, (not to mention the renovation market), the need to store household items has never been greater.
Fueled by a developing rental market, a workforce industry that often relocates, and the housing industry boom, storage companies have become a multi-million dollar industry. The Star reported in 2015 that as of 2015, storage facilities had become an estimated $25 billion dollar business, with room to grow. Studies have also shown that while Canada contains roughly 2.5 square feet per capita in self storage, the United States accounts for closer to 9 square feet. Investors take note, the industry still has room to grow.
For businesses and households, alike storage companies offer options for high time and low points. The need to store items is static and while markets may fluctuate, this basic need does not change.
Businesses have figured out that by taking advantage of the low-cost options that storage companies offer, they are able to save a great deal of money on warehouse costs. Never stop looking for the better option.
Learn from what storage companies do best, keep costs low. While there are maintenance and construction costs to keep track of, this booming industry has created one of the lowest cost businesses to date.