"There
has been a paradigm shift in the last five or six years in terms of supply and
demand for self storage and the occupancy has shifted from 85 or 87 percent to
almost 92 to almost 100 percent. When you get that height, you invite new
construction and new development. Millennials have become the bread and butter
of the self storage business, even though much have not purchased homes, but
have the expendable income to purchase such items such as snowmobiles, etc.
that need to be stored safely. New Hampshire is pretty much in equilibrium."Read the rest of Joe's interview with the Union Leader here:
Self-storage market reaching saturation in NH - Union Leader
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