Contributing Editors

Self Storage Could Lose Some Business From Military If More Personnel Opt to Buy Homes

by John Stevens June 1, 2011 12:10 PM
When military personnel are deployed for six months or longer, what happens to all of the possessions left behind? Members of the military are big users of self storage because they either stay in government quarters or rent an apartment for a short period of time and usually do not own a home. Because they are constantly on the move, renting a storage unit often makes more financial sense than maintaining a residence to house possessions. But more military members are taking notice of the Basic Allowance for Housing (BAH) available to qualified service members, and turning an interested eye towards home ownership. This could have an impact on self storage companies that cater to the military. [More]

Rental Housing, Too, Becomes Less Affordable -- Americans Continue to Downsize and Use More Storage

by Tony Gonzalez September 28, 2010 11:36 PM
Like homebuyers, many renters are having to downsize, putting more things in storage to make it possible to live in a smaller space, as housing prices become less affordable. Putting some things in storage makes downsizing a little bit easier by increasing the amount of space in a home available for use and decreasing the percentage of home space that is used for storage. While some renters use storage permanently as a way of decreasing the amount of living space that they need to pay for every month, others use it temporarily, while they transition to another home or to hold items that they are selling on eBay or Craig’s List. [More]

Northrop Grumman Relocates Los Angeles Office to Washington, D.C.

by Holly Robinson January 7, 2010 5:10 AM
Just as the Washington, D.C. area Beltway gears up for the Fort Belvoir relocation, which will bring 19,000 new jobs -- and a potential traffic nightmare -- to the region, defense contractor Northrop Grumman (NG) has announced that it, too, is relocating to the Washington area. "As a global security company with a large customer base," explained NG president and CEO Wes Bush, "this move will enable us to better serve our nation and customers."

The District will have some time to prepare for its newest influx of workers, as NG has not chosen a new location yet. The company plans to move only about 300 members of its corporate staff at this time. The relocating staff members will come from NG's Los Angeles offices....When NG's corporate employees do move out of Los Angeles, they may be in for an unwelcome surprise as they start looking for housing in the Washington, D.C. area. Housing in Washington is 13% more expensive than housing in Los Angeles. The overall cost of living in Washington is about 7% higher than the cost of living in L.A. The differences are mostly in the areas of housing and transportation -- food and health care cost about the same in both places, and utilities are a little less expensive in Washington. Relocating employees may want to use the following resources as they research the Washington D.C. area: [More]