A new report from RentCafe says the growing share of renters among American households have increased both the interest and use of storage space. In fact, they point out that 21% of US renters are currently leasing a self storage unit while an additional 12% are planning to use the service in the future. Interestingly, members of Generation X are the most likely to need extra space for their stuff, followed by baby boomers and millennials.
“As a service largely responding to life events, self storage is becoming increasingly popular. The recent need to carve out space at home for home offices or gyms, plus an increase in multigenerational living, have joined the traditional reasons for using self storage including growing families, living with roommates, moving and downsizing.”