Wall Street Journal: Self-Storage Boom Shows Signs of a Slowdown
According to The Wall Street Journal:
After decades of growth, the self-storage industry is poised for a slowdown, according to real-estate research firm Green Street Advisors.
“Advancing technologies are making some storable goods smaller and replacing others altogether,” Green Street’s analysts Ryan Burke and Ryan Lumb said in a note.
While per capita consumption has risen alongside disposable income, people are spending more on services such as health care, and this has come almost solely at the expense of storable goods.
Goods are also getting smaller. Mobile phones, laptops and tablets have replaced televisions, home phones, camcorders, cameras, photo albums and books. Green Street noted that growth in seaport container volume has slowed relative to the volume of goods consumed.
To read the full article from The Wall Street Journal, click here.