Comment by Merad

I used to work at a company that was the industry leader in business management software for storage facility owners. I don't remember exact numbers but a lot of facilities are mom & pop type operations where people basically invested in the business as a retirement plan. It's a surprisingly stable and profitable industry. Economy good? People buy too much crap and want to store it. Economy bad? People have to move and downsize their housing and need to store stuff. Large incentive for tenants to avoid delinquency because they risk their stuff being auctioned off.