Though not as glamorous as investing in a tropical resort hotel, storage facilities can return strong profits on smaller initial investments. Storage properties benefit from a relatively high demand in urban centers and in outlying metropolitan areas where competition may not be as great. A nearly unavoidable fact of life is that as families grow and as individuals start to make more money, their volume of possessions increases while their available storage space decreases.
Storage facilities also usually have fewer associated costs than do properties that will be occupied by people rather than things. Operating costs for a storage facility are far below the operating costs of resort hotels or office towers. Non-recurring costs like repairs and renovations are also usually spaced much farther apart and are usually less costly. On the other hand, rental prices per square foot can be less, too.
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