While the self storage industry remains robust in the United States, it is foundering in the UK. This is mostly due to a slump in England’s housing market that in turn affects moving companies which are tightly knit to the self storage industry. The UK company, Big Yellow Self Storage, said recovery in the sector was unlikely until the economy improves, bringing its shares down three percent. [More]

With more valuable belongings winding up in self storage nowadays, tenants are increasingly aware and interested in insurance for their belongings. Self storage operators must decide whether to offer minimal insurance for a fee or require the tenant to obtain outside insurance. It is an issue attracting more attention as space in people’s houses decreases and purchasing of goods increases. How tenants should be advised on insurance is often up to the self storage operator. [More]