The Economic Impact of Self-Storage on Hudson Valley’s Small Businesses
Nearly 30% of self-storage tenants across the U.S. are small business owners, a trend echoed in the Hudson Valley. Contractors, artisans, and e-commerce vendors rely on affordable storage solutions for inventory and equipment, making self-storage a valuable asset in towns like Middletown and Kingston.
Statistics on Small Business and Self-Storage Demand Self-storage facilities that offer business-friendly amenities, like 24/7 access and climate control, report 92% average occupancy nationwide. In Kingston, facility managers note that over 40% of units are rented to local small businesses, emphasizing strong business demand.
Investment Highlights
Commercial Occupancy: Small business occupancy remains strong and provides consistent income.
Local Economic Impact: Self-storage facilities help support the economy by providing affordable space solutions to local entrepreneurs.
Conclusion Investing in or selling a facility with a strong base of small business renters can yield steady returns.
Contact Us Thinking of selling or buying a self-storage facility that serves local businesses? Birchwood Property connects sellers and buyers in the Hudson Valley’s self-storage market. Get in touch to learn more.