Special Report

Self-Storage COVID-19 Special Report

April 2020

Self-Storage Operations Among Least Challenging to Adapt to Social Distancing; New Demand to Emerge Under Reopening Strategies  

Operations navigate social distancing headwinds. Self-storage operators are limiting access to facilities and offices, though renters are generally able to access their units. Skeleton crews, safety precautions and restrictions on the number of tenants simultaneously on-site are the current standard practices in most locations. Low foot traffic and spread-out units essentially put many self-storage operations in phase one of the federal reopening guidelines. Management may consider varying rules for accessing indoor and outdoor units if stay-at-home orders persist for a prolonged period, while facilities located in the core of major metro areas will likely need more stringent cleaning and access protocols.
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