Industry Analysis & Industry Trends
The industry has remained stable even in tough economic times, as demand for storage increased along with the foreclosure rate. As the economy slowly moves into a recovery, demand will continue to grow, as discretionary purchases increase, resulting in more possessions for consumers to store. Moreover, increasing housing density will also fuel revenue growth, as individuals will be in greater need of storage space... purchase to read more
Industry Report - Industry Analysis Chapter
While the Storage and Warehouse Leasing industry has not been recession-proof, it has remained resilient over the past five years. IBISWorld estimates that the industry's revenue will increase at an average annual rate of 1.8% to $25.2 billion in the five years to 2013. Despite declines in 2008 and 2009, the industry emerged from the Great Recession due to strong consumer demand, pricing stability and service improvements. Additionally, the recent real estate market downturn has not been as detrimental to the industry as it has been to other property segments, particularly the residential housing and condo market.
Over 2010, industry revenue remained relatively stagnant, increasing 0.1%... purchase to read more