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.
Take a look at North Shore Mini Storage to help you with your property costs today! We are the perfect self storage choice for businesses, trades and students. We offer online payment and secure units.