Video: The Nashville Self-Storage Industry
The self-storage industry is strong in Nashville, Tennessee. The community grew in population more than any other Tennessee area in 2013. The job market is strong, especially in the hotel and hospitality, technology, and healthcare industries. Young professionals are drawn to the upbeat urban lifestyle that comes with living in downtown Nashville, and are giving up square footage in exchange for great locations near entertainment and other amenities. This means that storage facilities are getting long-term business from more permanent renters, and storage capacities average at around 90% full.
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Full Video Transcript
Over the past year, the Nashville area has grown more than any other Tennessee community, bringing in over 21,400 new residents. In addition to the draw of Nashville’s reputable music scene, there’s the allure of job prospects in the strong hotel, computer, and healthcare industries. And for those who want to enjoy urban living, especially those in the 26 to 45 age range, Nashville has a very affordable cost of living. Downtown apartments with great locations and amenities are convincing many people to live with less square footage. Storage facilities near downtown have tenants using storage on a more long-term basis, and occupancy rates are near capacity, averaging at 85-95% full according to Storage.com data.
