Insights
Displaying all insights of real-estate
Self storage buildings are alternative real estate asset class
Self-storage buildings are facilities in which individual enclosed units, typically ranging in size between 50 sf to 400 sf each, are rented to private and commercial users to store items for the short-term. The concept originated in 1954 in San Antonio, TX to serve military members who needed to store their belongings. By the 1970s, the self-storage concept had gained wider commercial appeal (from a number of alternative users) and became an established business, commonly known as “mini-storage”. Today, self-storage generates US$ 32.70 billion in aggregate revenues (Source: IBISWorld), and is considered an “alternative" real estate asset class.
10/07/2017
