New York City Leads U.S. in Self-Storage Conversion Projects
New York City has become the nation’s leader in transforming industrial and retail spaces into self-storage facilities, according to a report by Storage Cafe. The city's rich history of industrial and commercial activity has left it with an abundance of warehouses, office spaces, and former industrial buildings ready for adaptive reuse.
Despite the growth in adaptive reuse, NYC’s self-storage market remains undersupplied. Per capita inventory across the boroughs averages just 1–1.6 square feet. This scarcity has driven prices to some of the highest in the country, with monthly rents ranging from $185 to $241.
More Content
Popular Posts
The self storage industry is in a precarious...
Joe Shoen, CEO of U-Haul, has had enough.
Like its name implies, Surprise, Ariz., a...
There are an estimated 700,000 hotels in the...
National Storage Affiliates Trust (NSA), the...
In a booming economy, expendable income...
The question of “abandonment” of stored...
Self-storage operators wear a lot of hats....
Boat and RV storage has morphed and...
Self-storage is not an industry that is...
Recent Posts
All eyes in the self-storage industry are on...
Salespeople are getting older. Buyers are...
In the early 2000s, a young California...
What would you say is the most important...
When Germantown High School in Gluckstadt,...