Jim McNamee, president of the California Self Storage Association, said there are still demand drivers for storage, and the slowdown operators are seeing may be that typical of the summer months. The affect of the recession is small, he said.
According to Deborah Owens, manager of Redding Mini Storage, her facility is experiencing a 70 percent occupancy rate, down from its usual 95 percent. Some customers just leave their belongings and stop paying rent, she said.
Charles Barker, who manages American Storage, said his vacancies have also gone up.
On the other hand, Andrea Fierro, manager of 4 Corners Mini Storage and Hartnell Mini Storage, said the economy hasn't negatively impacted her sites. Her company is actually adding 200 units. From her perspective, the economic downturn has helped her business.
Source: Nathan Morgan/Record Searchlight (Redding.com), Storage Unit Owners Hit by Economic Slowdown