Known as the Windy City, Chicago lies along the shore of the Lake Michigan. Bustling with activities all year around, this third largest city of the United States is a paradise for tourists and home to a large population- a huge part of which is students and singles enjoying many activities the city has to offer.
With the population of the city on the rise, the need for self storage units has doubled in the last few decades.
Growth of the Self Storage Industry of Chicago
The self storage industry of Chicago has attracted a lot of investor attention in the last few years. Exponentially growing into a retail business that operates at 90% occupancy all year round, the self storage industry has a number of big, medium sized and small companies in Chicago that are doing extremely well.
Giants like Public Storage recorded rising profits with a margin of more than 5.3%, while Extra Space Storage experienced an increase of 7% in 2014. According to the executives of these companies, the growth in self storage has been a result of increased investment and ultimately, the year by year increase in population figures in Chicago and the surrounding regions of Forest Park- where the same storage companies have a number of branches as well.
Affordable Self Storage
As investment spikes in the industry, the rental rates of self storage have become stable and competitive. Every few blocks in the city, you will come across Chicago Self Storage offices that offer units of varying sizes to accommodate the needs of the locals.
These branches are located on the detailed map provided by Ultimate Storage. Scanning the map makes it easy for you to choose from the various options depending on the amenities and benefits offered by each. Storage Mart, Safeguard Storage and Uncle Bob's Self Storage are just a few options that have on-site security cameras and offer free use of truck services.
Boat Storage in Chicago
Own a private boat for cruises on the Michigan Lake? Boat Storage is no longer a problem because Chicago Self Storage Units come in sizes as large as 10'x30'. Cube Smart Storage is an ideal place to park your boat and be assured of the safety and security assurances of the facility. Cub Smart is one of the largest self storage offices in Chicago and its neighboring cities of Oak Park and Berwyn- providing quality boat storage units that are climate controlled and fitted with burglar alarms.