people downsize or relocate.
What impact do recessions have on the self storage industry?
What regulatory developments have shaped the self storage industry?
Regulatory developments shaping the self storage industry include zoning laws, safety regulations, and consumer protection legislation, which ensure facilities are operated safely and transparently.
Storage operators should be aware of legal considerations such as lease agreements, liability issues, and regulations regarding the auctioning of unclaimed storage units to ensure compliance and protect their business interests.