What Makes Hudson Valley Self-Storage Facilities Resilient Investments?
Self-storage facilities are known for their stability, even in economic downturns, with a national default rate below 2%. In Newburgh and surrounding Hudson Valley towns, facilities maintain over 90% occupancy, reflecting strong and steady local demand.
Data on Market Stability and Growth The U.S. self-storage industry is projected to grow by 5-7% annually, and Hudson Valley facilities show similar trends. In Newburgh, rental rates are increasing by 6% year-over-year, attracting investors looking for low-risk, high-reward assets.
Why Hudson Valley Is an Ideal Market
Stable Income: The Hudson Valley’s steady population and business growth sustain occupancy rates.
Resilient Demand: Demand persists in downturns, making it a low-risk asset class.
Conclusion For investors, Hudson Valley’s self-storage facilities provide dependable returns and low risk.
Call to Action Looking to invest in a recession-resistant asset? Birchwood Property is here to assist with buying or selling in the Hudson Valley’s self-storage market. Contact us today!