Latest in Self Storage Industry Sep 20, 2013

From the good one self storage company is doing for flood victims in Colorado to the man who was surprised to find an NBA star’s items in a unit he just bought here are some interesting news and articles on the self storage front.

Off The List: Self storage’s surprising space
The Business Review
The Self storage sector is an industry that generally doesn’t get a ton of publicity. But it’s a sector that has seen some explosive growth over the past few decades, according to figures from the Self Storage Association, a national trade group. This article has some interesting stats on the self-storage industry.

SpareFoot Donates Storage to Victims of Flooding in Colorado
Digital Journal
Self-storage marketplace SpareFoot is giving relief to those stricken by the devastating floods in Colorado. The Austin, TX-based company will give a month of storage to businesses, families and people who require temporary space to store and protect their belongings from the aftermath of the flooding.

The Self-Storage Self
NY Times Magazine
The Self Storage Association estimates that since the onset of the recession, occupancies at storage facilities nationwide are down, not a huge amount but enough to throw a wrench in an industry that has considered itself recession-resistant. This article takes an intriguing look at the self storage industry and the people who use it.

Maryland man’s $300 storage auction surprise: A locker full of Dikembe Mutombo swag
Yahoo! Sports
A Maryland man, who recently purchased the contents of a defaulted self-storage unit for $300 was shocked to discover many things belonging to former NBA star Dikembe Mutombo. The unit reportedly belonged to one of Mutombo’s brothers, who went back to the Congo to take care of a family issue and didn’t stay current on his storage unit payments.

Use of Payment and Rental Kiosks Growing in Self-Storage Industry
The Storage Facilitator
Being open 24/7 is a nice conception for a self-storage business, and it’s become a reality through the growing use of payment and rental kiosks. In 2012, 9 % of self-storage facilities within the U.S. were utilizing kiosks, according to the 2013 Self-Storage Almanac. That was up from 1.4 % in 2011. The kiosks function as an extra hand to on-site employees—covering busy times throughout business hours and automating operations for walk-in customers after hours.