š¦ The Gist: In a revelation that shocks exactly no one, Georgiaās self-storage sector is on fire, ballooning by 57% in 2023 because bigger houses and basements are becoming harder to afford.
š The Details: As Georgia rides the wave of an economic upswing, with consumer wallets opening 16% wider than last year, residents seem to be playing a real-life game of Tetris with their belongings. The answer? Cramming them into the stateās burgeoning self-storage units.
Thanks to the double whammy of shrinking living spaces and the undying love for working in pajamas, an additional 2.7 million square feet of self-storage popped up in Georgia, proving weāre all just a few steps away from starring in our own episode of āHoarders: Storage Unit Edition.ā
š By The Numbers:
- A whopping 20% of Americans now have a personal mini-warehouse, with another 14% itching to join the club.
- Millennials, many of whom still havenāt made it to the homeownerās club, have overtaken Gen X in the storage game, now accounting for a quarter of the storage-renting population.
- The top excuse for renting a storage unit? āMy place is too small,ā say 42%.
- In a rare twist, Georgiaās storage unit prices are actually going down, with Tucker, Suwanee, and Norcross leading the āleast likely to break your bankā list.
š The Big Picture: This storage space extravaganza is less about Georgiaās peculiarity and more a sign of the timesātiny homes, massive consumerism, and the eternal quest for more space. Itās a nationwide affair where clutter is king, and the storage unit is its castle.
š Go Deeper: For those who want to know more about this topic, head over to Self Storage Demand and Trends for the full scoop.
Thom Chandler
Thom Chandler is the editor of The Georgia Sun and has been writing, editing and managing websites and blogs since 1995. He is a lifelong Georgian and one of those increasingly rare Atlanta natives.
