A friend is between jobs. He works on a contract basis, moving across cities as needed, and a Sydney self-storage facility is the closest thing he has to a permanent base.
Another friend lives in a rental property. She uses a self-storage facility to hold furniture that won’t fit in her tiny apartment. As she moves from one rental to the next, the rented self-storage facility is a permanent base for goods she does not want to cart between properties.
These and other anecdotes got me thinking about the potential of self-storage property and how this asset class sits at the intersection of some powerful trends. Also, whether it is time to revisit self-storage real estate investment trusts (REITs).