10 Important Self-Storage Trends to Watch For in 2020

Self-storage is one of the trending things, which is growing day-by-day. The growth of the self-storage trend is creating new and unique opportunities for developers, operators, and investors. For example, the marketplace of the U.S. is continuing to be strong, with almost 10% of the population spending money on products.  

When it comes to the operation and growth of self-storage all over the world, there is a range of new trends coming into effect.

Interested to know about the self-storage trends? If yes, then here it is.

Smart Security

Security is one of the most important factors as there is an increase in the demand for self-storage units.

To stand out from the crowd, the operators must offer unique, innovative, and stunning offerings. As of now, technology has developed a lot in terms of mobile phones, electronic locks, etc. All these have provided the tenants with more enhanced access.  

Smart devices allow remote access to monitoring activity and making payments over the apps more convenient. There have been advancements in features of smart security, which include authenticating access, allowing entries, and unlocking doors from a smart-phone that has made security features even more advantageous.

Though as of yet, some marketplace might not have enhanced security features. You, as an operator, can provide enhanced security options; and stand out from the crowd.

Kiosks

Kiosks are not a traditional mall but are interactive booths. With this, the users can control the process of self-storage from the initial stage to the end. This is one of the best options to plan their storage requirements 24/7.  

Self-storage kiosks consist of software, which has a direct link with the software database is used by the property managers. With this, the information as well as data can be transmitted without much effort.

Baby Boomers

The generation of baby boomers came into existence between 1946 and 1964. Thus, in the year 2020, the age of baby boomers will be somewhere between 60 to 64 years (average).

Now, you may think, what’s the need for baby boomers, right? If yes, then we must let you know that the requirement for storage will increase in this powerful generation. This is because many people are moving on to small apartments or condos and selling their family home. The population of baby boomers is one-third of the US population. Some of them are closer to their retirement, and they will continue to spend money on second homes and luxuries.

Thus, there will be rapid growth in the industry because of baby boomers.

Mobile Apps

In this current scenario, everything is possible with mobile apps, ranging from banking to fitness, to ordering food. Thus, managing self-storage apps is not a surprising element.  

Self-storage apps make the storage process an easy job, and as a result, it has received great value in the self-storage market. With these apps, you can search facilities, check your items, manage your contacts, etc. at the comfort of your home. Apart from this, these apps also help the users in communicating with the staff of the storage unit directly. This will help you to solve your doubts or queries without hassles.

Moreover, you can also create an access code to enter into the app for additional security.

Remote Monitoring

This is an amazing tool, as you can monitor things without leaving the comfort of your home. For example, a surveillance camera. Visualizing things in real-time is amazing and essential.  

As per the research, currently, more than 30 million surveillance cameras are installed all over the country. Many people are using these cameras to check who is standing outside their door, whether their packages are delivered safely to their home, etc.

This is what the remote monitoring system also does with the storage facilities. When it comes to storage units, the most common threats are temperature damage and theft.

A remote monitoring tool can help you monitor the internal temperature of your storage unit. Not only this but also will get alerts if any issue. Thus, this is the best tool for all the storage facility owner to enhance their storage facility services.

Automated Process

As of now, several things are becoming automated, which includes storage facilities as well. Storage facilities are making their entire process automated.

If you are a storage facility owner, then it would be good if you automate the entire process. This will help you save a lot of your precious money.

Artificial Intelligence

In every step of our life, artificial intelligence is making its unique way. This applies to a storage facility as well.

In the field of storage facilities, AI has shown its presence in the form of interactive robots. This has launched in Europe. The name of this robot is Keylo, a Kiosk, which helps the clients with the rental process. However, it different from the traditional kiosks.  

Stern Competition

Competition has become stern between the storage facility owners. They are struggling hard to stay up-to-date with the latest trends.

As of now, more storage companies are coming up, and that too with the newest technological trends. Thus, to succeed in your industry, you’ve to come up with remarkable and stunning ideas.  

Software

Software is playing a vital role in the growth of almost every business. Similarly, self-storage management software is an asset for storage facility owners. With this software, the owners can monitor the activities of customers, trends, sales, etc.  

When it comes to software, the latest trend is a cloud-based one. It helps the owners in knowing all the current aspects of the business. This, in turn, makes the daily task an easy process, enhances customer experience, etc.  

Real Estate

In self-storage, real estate market trends have not shown any signs of going down. These companies have maintained a balanced position even during recessions.   

Investors are looking forward to buying new builds as these don’t require too much maintenance. They are also looking for the ones that are equipped with the latest features and technologies.  

Conclusion

Therefore, the self-storage industry is growing tremendously, and technologically advanced features are being added from time to time. If you would like to know more about self-storage and how to get started with a self-storage rental business, please feel free to reach out to us at contact@rentcubo.com.