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News Wire / economy

Storage Demand Grows Amid Housing Shortages

KQED FM New York 1h1h Impact 4
Storage unit rentals are increasing as people downsize due to housing market conditions and smaller homes. A storage unit costs an average of $119 a month, making it a cheaper alternative to rent. Some clients rent units because they lack stable housing.

Topics

storage units housing market downsizing

Developing

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Sources · 7 independent

KQED FM

“state has a rapidly aging population, which means people are downsizing. Lisa Allard has seen this firsthand. She's the site manager of a storage facility in”

WBUR Boston

“bills. Is that the kind of house that you grew up in? By Burlington, the city itself rents a storage unit. When city employees clear out a homeless encampment, they put abandoned items there. The unit is full of tents, sleeping bags, and...”

WNYC 93.9 FM

“housing markets in the country. So people are often in smaller homes. with allered ads that some of her clients don't have stable housing and that's why they rent from her. A storage unit goes for an average of $119 a month. That's a whole lot cheaper than rent.”

WNYC 93.9 FM

“and pop owned facilities, as the demand for storage just keeps growing. now highlighting some of the new state houses in the city. Are these openings part of a larger trend? Yeah, I think part of a larger trend of a return to carnivorous.”

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