EKAM WORLD PEACE FESTIVAL

How COVID-19 Has Impacted Self Storage Facilities

Posted by on June 29, 2020 in Business with 0 Comments

The coronavirus global pandemic has had a profound and devastating impact on many industries. While online industries have managed to thrive during recent months, other businesses have struggled, and many have been forced to close due to the lockdown. This is something that has affected many different types of businesses, from restaurants and shops to hotels and bars.

Another industry that has been impacted by the pandemic is the self storage industry. In fact, the coronavirus effect in the self storage industry has been huge, just as it has with many other industries. With the lockdown starting to ease around the country, things will start to get better, but the effects of the pandemic may take a long time to recover from. In this article, we will look at some of the ways in which it has been affected.

Some of the Effects of COVID-19 on Self Storage

So, why and how has this industry been affected by the global pandemic? Well, one of the key reasons people use storage facilities is to store items when they are in the midst of a home move. Some people store items for a short period while they are waiting for their property to become available while others may store some items over the longer term because they cannot accommodate them in the property.

The global pandemic resulted in a lockdown that saw all property transactions put on hold. Those who were due to move home or planning to search for a new property were unable to do so during the lockdown, which meant that they did not require storage facilities during that period. In addition, those who already had items in storage were unable to visit the facility or move their belongings during the lockdown.

Of course, people use storage units for a range of other purposes apart from storage. Some people, for example, set up a small office in the storage unit so they can work in peace of quiet rather than face constant disruption at home. However, after the coronavirus breakdown, cities and states were put into lockdown, which meant that many people were unable to go out to their storage units to carry out their work. People who would normally rent out a storage unit for things such as storing stock or tools were also unable to do so because of the lockdown restrictions.

As with most other businesses, the storage unit industry has a long way to go in order to try and recover from the effects of the global pandemic. Now that things are starting to get back to normal – albeit a new normal – people will start to think about moving again, and the need for storage facilities will once again start to increase.

However, there are still many concerns about a second wave of infections, and this could push the industry along with other affected industries back to square one. It is simply a case of waiting to see what happens.

Tags: ,

Subscribe

If you enjoyed this article, subscribe now to receive more just like it.

Subscribe via RSS Feed Connect on YouTube

New Title

NOTE: Email is optional. Do NOT enter it if you do NOT want it displayed.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

FAIR USE NOTICE. Many of the articles on this site contain copyrighted material whose use has not been specifically authorized by the copyright owner. We are making this material available in an effort to advance the understanding of environmental issues, human rights, economic and political democracy, and issues of social justice. We believe this constitutes a 'fair use' of the copyrighted material as provided for in Section 107 of the US Copyright Law which contains a list of the various purposes for which the reproduction of a particular work may be considered fair, such as criticism, comment, news reporting, teaching, scholarship, and research. If you wish to use such copyrighted material for purposes of your own that go beyond 'fair use'...you must obtain permission from the copyright owner. And, if you are a copyright owner who wishes to have your content removed, let us know via the "Contact Us" link at the top of the site, and we will promptly remove it.

The information on this site is provided for educational and entertainment purposes only. It is not intended as a substitute for professional advice of any kind. Conscious Life News assumes no responsibility for the use or misuse of this material. Your use of this website indicates your agreement to these terms.

Paid advertising on Conscious Life News may not represent the views and opinions of this website and its contributors. No endorsement of products and services advertised is either expressed or implied.
Top
Send this to a friend