The Economics of Everyday Things cover image

The Economics of Everyday Things

45. Storage Units

Apr 22, 2024
Guests Zachary Dickens, Anne Mari DeCoster, and Kara Kolodziej discuss the $45 billion self-storage industry in America. They explore the reasons for renting storage units, operations and economics, diverse use cases, nuances of auctions, and the economic viability of storage units. Real-life stories include valuable discoveries like a car from a James Bond film and handling cremated remains.
15:51

Podcast summary created with Snipd AI

Quick takeaways

  • Americans store belongings due to consumerism and high housing costs.
  • Self-storage industry profits attract real estate investors seeking consistent returns.

Deep dives

The Growth of Self-Storage Industry in the US

The self-storage industry in the US has boomed with one in five Americans renting a storage unit. High housing costs, urbanization, and consumerism have driven this industry, which is worth an estimated $45 billion. Real estate investors are increasingly interested in self-storage due to its consistent profitability.

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