Are storage units a profitable business?
Are storage units a profitable business? Self-Storage Business Facts Typically, a self-storage facility still makes a profit at 60% to 70% of full occupancy. Currently, the industry average occupancy stands near 90%, according to Statista. Nevertheless, experts say it takes one to two years to reach 90% capacity. How much does it cost to build a climate controlled storage unit? Climate-controlled turnkey development ranges from $35 to $45 per square foot. Keep in mind you'll likely also need to hire consultants who may not be necessary when building traditional storage. How much does it cost to build a storage facility?...