The self-storage industry has historically shown resilience during economic downturns. In times of economic uncertainty, people often need to downsize or move, increasing the demand for storage units.
In contrast, during periods of economic prosperity, individuals tend to accumulate more goods, which may also increase the need for storage space. Thus, Class A self-storage facilities can provide a level of stability not always seen in other real estate sectors
One of the defining characteristics of the self-storage industry is its stable demand. People constantly need storage space for various reasons, including downsizing, moving, or dealing with life changes like marriage, divorce, or death in the family.
This ongoing demand can provide consistent occupancy rates, which in turn could lead to steady revenue streams.
Class A self-storage facilities, which represent the highest quality of facilities in desirable locations, typically require less maintenance compared to other types of real estate investments. These facilities are often newer or have been well-maintained, reducing the need for frequent costly repairs.
Additionally, self-storage facilities generally have fewer utilities and no need for amenities like those required for residential or commercial buildings, which can significantly reduce operating expenses.
Legacy Developers offers the chance to be part of a team that designs and constructs modern self-storage facilities across the United States. Our approach focuses on excellence, attention to detail, and proactive problem-solving, ensuring we deliver on our commitments.
To learn more about how you can become involved with Legacy Developers, we encourage you to click on the link below
and fill out the investor form. Our Legacy Team will reach out shortly after.
"Ninety percent of all millionaires become so through owning real estate." - Andrew Carnegie
"Buying real estate is not only the best way, the quickest way, the safest way, but the only way to become wealthy." - Marshall Field
"The major fortunes in America have been made in land." - John D. Rockefeller