What's behind the global self-storage boom?

Quick Summary:

Rising rents, e-commerce and available property are contributing to a boom in self-storage.

He accuses the industry of “making lots of money from people not having room in their homes”.“Not just to keep their items, but to live their lives, or to address mental health challenges they have from being in a small or overcrowded home.

Walking the endless corridors of Apple Storage in downtown Toronto, it’s not hard to see why business is booming.

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Article Details

Category: Business

Markets: United KingdomCanadaHong KongSingapore

Topics: Industry Having Toronto Says Canada Self-storage Foot Rents Business Storage Space

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-25 @ 23:17:42 (12 hours ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 919 words

Reading Time: 6 minutes read

Sentences: 37 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 21778193

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 5 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 14 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #43

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