America has always been associated with excess consumption. This is true with our fast food chains, per-square-footage of retail stores and self-storage units. For instance, do you know that there are over 53,000 storage units for rent in the US? There’s no data yet on the number of storage units in Las Vegas, although a cursory check would show a substantial number of results.
The Need for Storage Units in Las Vegas
In an area of 9.4 million square kilometers and 300 million people that doesn’t seem too many.
Here’s the thing: the rest of the world only has 10,000 storage units. Combined.
In Las Vegas, about 8 in 10 of clients are individuals. The remaining 20% are companies that require extra space for documents, equipment, and office supplies.
The fact is it’s much more cost-effective for businesses to hire extra square footage to declutter their workplace rather than rent out an office space.
Renting Storage Units is More Affordable Than Renting Office Spaces
Service providers lease extra-large Las Vegas storage units for just $205 a month. RV storage in Las Vegas, meanwhile, starts at $140. One clear benefit is that businesses can scale down the square footage as the need arises unlike renting an office space where the price is fixed.
For individuals, the practical uses are endless. One such example is home remodeling, which allows for zero disruption while construction or renovation is going on. Space is also ideal for hobbyists to avoid clutter at home.
The self-storage industry has seen some growth in the past years. In 2010, 1 in 10 of US households is a storage client. That’s a marginal increase from the six percent in 1995, said the study.
The Future of Storage Unit Industry
Over the years, the industry has ballooned to become a $30 billion annual business and it’s showing no signs of slowing down. The rest of the world is also catching up, with Mainland China expanding its square footage by more than 50% between 2015 and 2016. In Brazil, 25 to 30 new storage properties are mushrooming ever year.
The same is true for Sin City, as well, which is a microcosm of what’s happening to the rest of the world. More and more storage units in Las Vegas are being built almost every month.
The demand is also outstripping the supply as Las Vegas companies are playing catch-up, which only speaks volumes about the burgeoning industry. Again, this is not a unique trend because it’s the same case in the UK, Asia, and Europe.
Most of the rentals are long-term (or about half of the transactions), while more than 2 in 10 are short-term rentals. A rising trend, however, is the students who are utilizing more storage facilities in recent years. The military is another huge contributor to the total industry revenue.
Do you need storage units in Las Vegas? Storagge Durango Blue Diamond should be on your speed dial. All our units are protected by individual door alarms and electronic gates. You also get an on-site manager is on hand from 8 a.m. to 6 p.m and drive up access at any time during gate hours.
