Finance

Working from home requires space, so mini storage is on the rise

Big names such as Shurgard and Boxx are popping up more and more, along the highway and in industrial areas. But smaller entrepreneurs are also seeing the trend and are starting a mini-storage in empty garages, for example.

More and more companies for storage

The number of mini-storage companies has grown considerably in recent years, according to figures from the Chamber of Commerce. In 2013, there were 180 companies with less than 400 branches that offered storage space for a fee.

This year, that number has grown to 385. Together, these storage rental companies now have more than 600 branches throughout the country.

“During corona, the demand for storage space has increased,” Eric Stubbé, director of storage rental company Allsafe, told RTL Z. “And the underlying demand was already good. More people are moving to the city, the space is being redistributed and more people are placing their belongings. outdoors.”

More demand for space

Renting storage space is increasingly becoming a way of life, he says. “Working from home has accelerated this, but there is more to it. Older people are moving to live in the city because care is better there, young people because there is more dynamics. That means more demand for space in the urban environment.”

People find that space at Allsafe, among others. The Stubbé chain now has 38 branches, with another 14 under development. They offer storage boxes of one cubic meter (‘the contents of 20 moving boxes fit in there’) to 120 cubic meters.

“On average, people are around 15 cubic meters,” said Stubbé. “Often they start a bit smaller and grow to larger units.” He is not afraid that the question will disappear when working from home is – ever – passé again. “Because people continue to move to the cities, we also see demand in the longer term.”

Storage companies are also in the United States booming business. “Quite a few of those companies are listed,” says RTL Z stock exchange commentator Jacob Schoenmaker. “And those are also big boys. The largest, Public Storage, has a market value of 60 billion dollars.”

good trade

Numbers two and three, Cubesmart and Extra Space Storage, are also doing well (see chart below). “They are lucrative companies to invest in, given the returns since 2010,” says Schoenmaker.

In addition, it seems that the storage sector does not pay much attention to the economic situation, which makes such companies extra attractive. Schoenmaker: “One in ten Americans now rents such a thing, for an average of 150 dollars a month.” So good trade.

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