For Star subscribers: New self-storage businesses are filling vacant properties around the Tucson area. Theoretically, these properties could be put to better use, but we insist on stashing our stuff.
But it’s not so much the mixed-use, residential-retail-office complexes that people covet these days.
I asked my dad, an occasional scavenger, what it was. His answer: It was a hunk of tree root that he’d found years before and stashed away because it looked cool and he thought he’d use it.At transitions in life — especially when older people downsize out of bigger homes to smaller living spaces — people stash stuff in storage units. Then they get in the habit of paying those rental fees, month after month: maybe $60 on the cheap end, $300 a month for the bigger units.
The business is so hot, that if you search for “self storage” on a podcast platform, you’ll find numerous shows dedicated to the industry. The growth cycles in the economy are also good for self-storage, he and others noted. It’s just a generally good business, whatever the economic cycle. “Housing prices are quite high, so the average home is not only getting pricier throughout the country it’s getting smaller,” he said. “It’s more cost-efficient to live in a smaller home and have a storage unit you rent as an extension of your house.”
This, of course, means that property with potential for other uses is instead simply storing our stuff. Slilaty recently developed a project at 4068 E. Fort Lowell Road that operates under the name Storage King — one of many big brands in the storage business.
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