Issue 92 – RV & Boat Storage…Where?
Introduction…In the United States, 11,870,000 recreational boating vessels need storage. Add to that number 8.900,000 recreation vehicles need storage. That totals 20,770,000 recreational items that need to be stored for the off-season.
RV And Boat Sales Growing Self-Storage Demand…RV The research, conducted by Dr. Richard Curtin, RV industry analyst, and director of consumer surveys at the University of Michigan, reveals the number of RV-owning households has grown to a new peak of 8.9 million households, up from 7.9 million in 2005. According to the report, 8.5% of U.S. households now own RVs, up from 8.0% in 2005. Annual U.S. recreational boat sales have averaged 550,000 per year since 1990.
So, where do the 20,770,000 households store their recreational vehicles and boats? Most of the larger motorhomes, larger travel trailers, and boats can’t be stored in city residential areas.
The self-storage industry has recognized and met this demand. Many properties have built larger storage units to accommodate the largest motor-coach.
What’s next… We have purchased a 64,000 square foot boat storage facility. You can find it at www.wylieboatrvstorage.com. We will have three units available at the end of January after we auction the abandoned property in those units. Other than that, we are 100% leased, This experience has been better than expected, so we are looking for another similar facility.
Drop me a note if you want to get on our potential future owner’s list. firstname.lastname@example.org