Why Self Storage is Becoming So Popular in Large Metros


TI Storage
January 22nd, 2020

In New York City, apartments can be tough to find and the competition is fierce. When you do find an ideal location, chances are you’re ready to stay put for a long time. One big challenge in New York and many other metros is that apartments can be smaller than the home you grew up in, and it becomes a major challenge to fit everything you own in there. If you find that’s the case, you’re definitely not alone. The trend in many major urban areas to accommodate a rapidly growing population has led to an increase in studio, efficiency, and micro-apartments, all designed to house more people in less space. That’s led to a sharp increase in self-storage facilities, now available throughout most major metros. As housing options continue to get smaller in size, the popularity of self-storage has been booming over the past decade. Let’s take a closer look at why that is.

Why is Self-Storage Popular in Major Cities?

A key reason why there are more storage units available today is simple: people need them. That’s because in major cities, large apartment complexes with small units are the norm.While some people love them and others merely tolerate them, small apartments are viewed as the ideal solution to explosive urban growth that raises the demand for housing. Small apartments appeal to municipal leaders who cite their eco-friendliness: they are an efficient use of land for new development. Also, the smaller the apartment, the less energy consumption.For renters who can’t be picky about how big their apartment is, sometimes downsizing is in order. But rather than pitch their excess belongings, an entirely better option has come from storage units, the perfect way to hold on to what they want to keep but don’t have the room for at the moment. Self-storage units have become a thriving $38 billion industry, able to withstand recessions and continue expanding. According to SpareFoot, a firm that tracks the self-storage industry, there are now more than 50,000 of these facilities across the U.S., offering a whopping 2 billion square feet of rentable space. This growth can be attributed to demographic trends across the country, as a growing number of people flock to major cities like New York to take advantage of a booming job market. Millennials moving into crowded cities are confronting the need for downsizing — taking a lifetime of accumulated belongings and squeezing as much as they can into their new micro-apartment. What’s left over often needs a new home. The self-storage industry has responded through a record-setting expansion. 

How Do Urban Residents Benefit from Storage Facilities?

Self-storage facilities offer downsized residents a wealth of benefits. They have the option of renting a storage unit in various sizes, most are climate-controlled, and the buildings themselves have advanced security measures like digital monitoring, front gate security, and outdoor lighting. Your belongings are safe from both the weather and thieves.Storage facilities are not limited to industrial areas that are hard to get to. New storage facilities are being built in the heart of these metro areas, giving residents an easy and convenient way to reach them 24 hours a day, seven days a week. Self-storage facilities, like other commercial businesses, contribute property taxes to the local government, helping to fund municipal budgets. To attract customers, these facilities are clean, secure, and well lit. They can be very good neighbors within the community.

Discover TI Storage for Self-Storage Solutions in NYC

If you’re in need of a storage unit, look no further than Treasure Island Storage. Security is a top concern at TI Storage, which is why we offer video surveillance, gated security, climate-controlled units and insurance for your belongings. Whatever it is that you need to have stored, TI Storage has a variety of climate-controlled storage units to suit your needs, and you can access your belongings 24/7. Located throughout New York and New Jersey, Treasure Island Storage is guaranteed to be the top choice for self-storage near you. Simply locate the Treasure Island Storage in your neighborhood and stop by. Our team of storage solution associates is happy to show you around and help you reserve the unit you need. Contact us today!