The self-storage business would appear to be a recession-resistant category, or one that would see increased demand during a pandemic and the associated economic fallout, in which individuals often find themselves and their possessions displaced. In addition, given the relatively low overhead and number of employees needed to run storage facilities, it is also a business that can remain open with minimal health risks.
Self-Storage REITs Not Immune to COVID-19 Impact
Extra Space Storage Reports Increased Delinquencies, Lower Rental Rates in Second Quarter
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In
IN THIS ARTICLE
- Properties
- Extra Space Storage
11 Franklin Ave, Belleville, NJ