2024 Trends: The Rise of Ancillary Services in a Changing Self-Storage Landscape

Did you know? The average rental price per square foot has seen a remarkable 15.6% year-over-year decrease, driven by factors such as the REIT’s new pricing strategy and a reduced number of renters in the market.

 

As rates and profits continue to decrease heading into 2024, the popularity of ancillary services has significantly increased in storage facilities nationwide.

 

Here are three of today’s commonly used ancillary services:

  • Moving and Packing Supplies
  • Tenant Insurance
  • StorageDefender Smart Units

 

If you’re a self-storage facility owner, now is the perfect time to enhance your offerings with these services. It’s not just a smart business move; it’s a way to elevate your tenant experience while boosting your bottom line.

 

Contact us today to learn how we can help you get started.