Wednesday, April 24, 2019

Useful Information Regarding Farmington Self Storage

By Donald Campbell


Americans are notorious for exercising consumerism to its greatest extent. Americans want the biggest or the most of everything, including automobiles, houses, storage spaces, clothing, and even food. This can be indicated by the increase in the square footage of homes owned by Americans now and a few years ago. Statistics indicate that homes have grown exponentially in size in the US in a few decades. Here are facts regarding Farmington self storage.

This huge demand has greatly influenced the growth of self-storage Industry. Records show that the industry has rapidly grown to a huge size over a few decades, with the number of storage facilities reaching thousands. These facilities cover millions of square feet and are available for lease to the public who store their properties.

Private citizens own a huge chunk of this industry, with more than 80 percent of all facilities being under the ownership of individuals. Companies only own the remaining 20 percent as the government does not own any facilities that it leases to the public. The regulation and enforcement of standards is left in the hands of the government.

Individuals make the majority of clients that use these facilities as they usually store their home appliances and their belongings. The extras or excesses that people seem not to find space for are usually placed in these facilities for safe keeping. People are forced to find alternative spaces to keep their spaces.

Besides people storing excess belongings, they also use these facilities to store belongings when they are moving. When one is moving out of or into a new place, they may need somewhere to keep their belongings for a while. These facilities turn out to be a perfect solution in such cases. One can store their belongings as long as they want in these establishments.

Despite the fact that individuals make the largest fraction of clients in this industry, the facilities are increasingly starting to receive business clients. Research shows that about 30 percent of the clients is currently covered by businesses. This is because there is increase in demand for spaces in businesses, which makes these storage establishments the most suitable solution to store extra merchandise. The service is very useful to ever growing business firms.

In spite of the US dominating the industry, it is of importance to understand that the practice did not start in the United States. It was in England that the first ever self-storage establishment was incorporated in the 1850s. The first facilities were under the ownership of banks because whenever people traveled, they needed to entrust banks with their valuables.

As the industry grew exponentially, there was congestion in bank vaults. This made the banks to start turning to moving companies for space. The first mini self-storage facility was then opened a few years later. The first facility in the US was opened in the State of Texas in 1960s. The number of the facilities has greatly grown with all states having many units.




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