Fort Lauderdale Storage has seen some dramatic changes over the last few decades it has been in existence, especially in the last 15 years. In 1993, there were approximately 21,300 self storage facilities in the United States. Today, that number has more than doubled, with industry experts reporting roughly 60,000 facilities. Those facilities comprise more than 1.7 billion rentable square feet of storage space.
Along with this substantial growth has been a positive and progressive change in the industry’s image. What was once considered the stepchild of the real estate world has become the darling amongst other non-performing real estate sectors. In addition, Wall Street has now been keeping tabs on
Self Storage Fort Lauderdale with the addition of some major investment firms and several new REIT’s being formed over the past five years. Moreover, the self storage industry has become a more mature and sophisticated business than what its earliest pioneers probably ever predicted.
In the early days,
Fort Lauderdale FL Self Storage was a means to add income to a piece of property until it was developed at a later date into something more profitable. Today, it has become that “something” more profitable and is quickly becoming a more sought after end use for certain parcels of vacant land. Self storage facilities are moving from the warehouse districts and industrial parks to more desirable main street locations with high visibility and traffic counts.
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