How Will Gas Prices Effect Self Storage?

As we all know gas prices are rising again, and that means less money in our pockets. So, what does that mean for storage? Truthfully, since people still need to move, self-storage business sales will probably not decrease by that much. Unfortunately, people are still getting evicted on a daily basis, and are forced into situations in which they absolutely have to move or get a storage unit. However, because gas prices are killing our pockets our self-storage customers have less money to rent a unit if they just wanted some extra space. We all can relate to not having extra money because gas prices have risen so high. I can remember back in the day (I’m only 20, but it seems like forever) when I could fill up my tank with $20. That seems like a dream now. I put $20 dollars in my tank just yesterday, and I promise I heard my car laugh at me, and the gauge went to a half of a tank. I guess that is pretty good considering it took about $38 for my mom’s truck to be half full, or should I say half empty. Anyway, we are seeing the effects of the gas prices here at the PhoneSmart call center. Location is even more of a deciding factor as it has been in the past. Customers don’t want to waste a drop of precious gas, even if it means a somewhat cheaper storage unit.

Written by Glenetta Haymon

Thanks for reading our self storage blog and inside view of the self storage industry.

PhoneSmart is your offsite sales force and call center in Columbia, Missouri.

Rent storage at 8514 Liberty Rd, Randallstown, MD 21133

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Disclamer: This entry is intended to promote our partner StorageMart and some or all participants received compensation.

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