For many creative types in high-cost metropolitan areas, renting a smaller apartment and supplementing it with self-storage space is necessary. 

"Whether needing additional space to store their musical instruments, art supplies, set props or furniture, a self-storage unit is indeed an invaluable asset for bohemians looking for more space without shelling out more rent on bigger homes," according to Mirela Mohan in a blog post for StorageCafe.

So if bohemians need extra space, investing in the market where they're most likely to live would seem to be a good strategy for self-storage companies. 

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Leslie Shaver

Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.