Why are self storage facilities popping up all over?

because people are buying more and more shite and they don't have anywhere to put the shite

Buying more shite than you need is the American way.

I don't know man but that's a good point. The things literally show up everywhere. I know one guy who owned a few around BR for decades. He put them in locations that he speculated would one day be business valuable with intent to sell later on. Some of these things now days are multi-story buildings though.

Because avg rent on a small unit is $100/mo. Multiply that by total number of units.

Well, I can only speak for me. I have a house that is much smaller than what people with my income normally would have. It fits all of my needs and is well within my means. But I do have more stuff than I have room.

Those mattress stores need somewhere to store all that cash until they can launder it.

I am working on building and/or developing a few at the moment. You can charge close to the same rent as an apartment while only having to provide a lightbulb and HVAC, and occupancy rates are through the roof.

People are hoarders and continue to buy and buy.

They're actually a great investment in areas with positive economic and population growth.

Its a way to earn passive income while sitting on investment land that you can sell at a premium years down the road.

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Why are self storage facilities popping up all over?

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Because I got to keep all the cool drawings I made in kindergarten that even my Moms wanted to throw away.

Living in Austin and Houston there are more and more condos and high rise apartments popping up than I could ever imagine. These are typically the types that need extra storage so maybe there's a correlation.