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.

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