Demand for self-storage space has surged in Houston with thousands of people displaced from their homes after Hurricane Harvey. Storage operators, which typically rent units ranging from 5 feet by 5 feet to as large as 10 feet by 25 feet, often report stronger demand following a natural disaster as residents look for a place to keep their belongings while they focus on rebuilding their property. ...
Self-storage space is in high demand during the aftermath of Hurricane Harvey , as residents seek safe locations for their belongings. Houston ’s self-storage sector had a general vacancy rate of 12.2% in Q2 2017 , an increase from the 10.6% reported at the end of 2017 , but is at maximum capacity following the hurricane. Prior to Harvey ’s arrival, the rate was predicted to rise to the 10.6% by Q2 2017 . Houston has approximately 281,000 self-storage units, with a total value of $ 8.4bn .