Thursday, June 23, 2005
There's no doubt that we like spending on stuff and since we like our stuff [check out Deborah Branscum's Stuffola blog] we need more than just our attics and garages to store that stuff...which has made the self-storage industry a $15B mega-industry. According to this Wall Street Journal story (subscription required):
Many families spend more than they earn; hence the big increase in consumer debt. They also seem to buy more than their houses can store.
[T]here is enough space in rentable self-storage lockers in the U.S. for each man, woman and child to stand on a spot 2½ feet by 2½ feet, with room left over.
The U.S. has 1.875 billion square feet of self-storage space, according to the Self Storage Association. That is three times the area of the island of Manhattan or the square footage of 426 copies of the 110-story Sears Tower in Chicago.