Why Self-Storage is Incredibly Popular

Why Self-Storage is Incredibly Popular

Firstly, everyone here at Multi-Storage welcomes you to 2018 and wishes you all the best for the upcoming year.

With that in mind, you might go through some big life changes in the next 12 months:

Happy New Year

  • Moving to a new home
  • Opening a commercial business
  • Downsizing
  • Marriage or divorce
  • Buying the dream car you’ve always wanted

Whatever you’ll be doing, there’s a good chance self-storage can help you along the way.

Now, you might be thinking that self-storage isn’t for you.

Perhaps you know someone who had a bad experience. Maybe you’ve watched some storage-themed TV shows and didn’t like what you saw.

All across Canada, personal storage is growing in both popularity and availability. More and more people are discerning when they look for clean, high-end storage facilities.

Here’s why.

The condo explosion

Condo building

People on either side of the life spectrum (either just starting a family or retired empty-nesters) are choosing to move into smaller condominiums.

(In fact, since the 1970s, 305,261 condos have been built in Toronto alone. Source: The Globe and Mail)

Additionally, they’re choosing NOT to get rid of important items and keepsakes, such as:

  • Antique furniture
  • Tools
  • Clothing
  • Family memorabilia

Instead, they want to keep these things out of the way; but access them anytime they want.

Self-storage helps with that.

Today’s modern storage locations are clean, brightly lit, incredibly secure, and reasonably priced.

That means young people and/or senior citizens can use them confidently – day or night – without worry to their items.

Adult children coming home

Since the economic crash of 2008, approximately 25% of adult children have moved back home with their parents (Source: Pew Research Center).

Those empty bedrooms which turned into hobby rooms or spare offices? They need to revert back into a bedroom.

Also, those adult children are bringing their entire lives with them:

  • Furniture
  • Clothing
  • Electronics/entertainment items
  • Bills, paperwork and other documents

Either the child’s stuff or the parents stuff has to go somewhere. Yet, the basement or garage won’t cut it.

The answer: A self-storage unit.

Small business entrepreneurs

In the province of Ontario (including numbers from Hamilton and Stoney Creek, there are approximately 36 small businesses per 1,000 people aged 15 and older (Source: Government of Canada).

Small business owner

(In fact, small businesses make up 98% of the provincial workforce).

While Canadian numbers aren’t available, it’s estimated that 1 in 5 storage unit rentals are for primary or work-related activities.

Whether it’s the company address or just a place to get an idea off the ground, storage units are becoming incubators for small business owners.

The most popular businesses utilize a  self-storage facility (Source: SmallBizTrends):

  • Small engine or furniture repair
  • Vintage furniture sales
  • Videography and/or photography
  • Inventory storage and delivery

A place for hobbyists

Let’s say you love working on old cars. Or you enjoy building model airplanes.

Your basement is too small. Your garage is already full. Your house doesn’t have the space for you to pursue your hobby properly.

Model airplane

Vehicle storage or personal storage solves that problem.

Firstly, the items you need for your hobby won’t get lost or be “in the way.” They’ll be safely stored, ready when you are.

Secondly, unit sizes range from 5’x5’ to 10’x30’. So you’ll have all the room you need.

More reasons why self-storage is a smart option

Did you know…

  • Approximately 10% of Canadian households use a self-storage unit?
  • The most commonly rented size is 10’x10’? (Source: SpareFoot, Canadian Self-Storage Association)

So, why do 3 million people coast-to-coast rely on a storage space?

It could be because modern facilities are climate controlled.

Or that they’re protected with the latest in electronic surveillance (video monitoring, personalized keypad access, security fences, etc.)

Maybe it’s because storage rentals are simply a good idea when it comes to protecting your valuable belongings.

If you’re on the fence about self-storage; just remember that planning for self-storage is easy and that there’s a good chance someone you know relies on it too.

Contact us with your questions or comments

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