It is estimated that 89-100 people have moved to Nashville per day over the last 7 years. In 2016, the Nashville area added 36,337 people to its population. When people moving to Nashville, Murfreesboro, Mt. Juliet and the surrounding areas struggle to find the perfect house or apartment, self-storage is often their go-to while they search for their new home sweet home. With so many people relocating, it is no wonder that self-storage units in Nashville and storage units in Mt. Juliet, are filling up as well as all over middle Tennessee. This seems to be true for storage facilities across the country as research has produced these statistics:
- There are over 48,500 self-storage facilities in the U.S.
- Almost 10% of U.S. households rent storage space
- Self-storage companies provide over 170,000 jobs
- Over the past few years, occupancy rates have remained at between 86%-90%
Self-Storage - It’s Not Just for Moving Anymore
Although moving or relocating is a common reason for renting self-storage, storage units in Nashville as well as storage in Murfreesboro and across Tennessee have become increasingly popular for long term use as well. For millennials, Gen Xer’s, and baby boomers alike, self-storage is becoming an extension of their home. MTSU, Vanderbilt and other college students and recent grads are using closet sized storage units to store dorm furniture, off season clothing, sports gear and other personal items while they go home for the summers, explore job options in different cities or take time to travel the country.
From Millennials to Baby Boomers, All Are Enjoying the Convenience
Older millennials are starting families, creating the need for extra space for furniture, children’s toys, seasonal items and holiday decorations. Gen Xers are getting used to the empty nest as their kids go off to college, utilizing storage to begin organizing in the hopes of downsizing to a simpler life. Baby Boomers are living the RV or condo life but still want space to keep those antique furniture pieces passed down from their parents or grandparents until it’s time to pass these special items on to their children and grandchildren.
While our reasons for needing storage units may be different, we all benefit from the convenience that self-storage space has to offer.
Sources: Self-Storage Association