A new report from Bloomberg highlights the growing storage industry. According to the article, “industry insiders say the ongoing self-storage building boom traces back to the financial crisis, when funding for new construction of any kind dried up. Builders are still catching up with a backlog of demand from those fallow years; investors, meanwhile, noticed that the assets performed well through the recession, and started buying storage centers as a hedge against future downturns. ”
Read the full article at Bloomberg.com.