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02 Apr 2020

Is Housing Growth Fueling Demand For Self Storage In Florida?


Clayton Park

Business Editor

Datytona Beach Florida -- Clayton Park

When Frank Nigro and his wife Kathleen moved here from St. Louis last year, they discovered their new home at Latitude Margaritaville didn’t have enough room for all their stuff.

“We went from having 3,000 square feet to just 1,800,” the retired computer consultant said.

They’re not the only ones.

The surge in new homes and apartments in Daytona Beach (specifically Volusia and Flagler counties) has also fueled greater demand for self-service rental storage centers.

In the past two years, at least eight self storage facilities have opened in the Volusia-Flagler area with several more planned.

One of the area’s newest ones is the Stor-It Storage center that opened in January on the corner of Mason Avenue and Williamson Boulevard in Daytona Beach.

At the new Stor-It center in Daytona Beach, the monthly rate for a 5-foot-by-10-foot unit is approximately $100 if it is climate controlled and $60 if it is not, said Scott Vanacore, the company’s president and co-owner.

Nearing completion on the other side of I-95 is Acorn Mini Storage on the corner of South Williamson Boulevard and Airport Road.

Also planned is an All Aboard Storage center on Taylor Road, near Crane Lakes Golf and Country Club in Port Orange.

Clark’s company on Jan. 1 added its 21st location by taking over an existing storage center at the Marvin’s Garden Business Center at 4601 E. Moody Blvd. in Bunnell.

It is All Aboard’s first location in Flagler County.

The self-storage industry nationally has steadily grown over the years and is expected to generate more than $32 billion in revenues this year, according to an IBIS World report.

And it’s not just homeowners and apartment dwellers that are renting self storage units.

Vanacore said the new Stor-It center on Williamson has also drawn interest from merchants at Tanger Outlets and Tomoka Town Center as well as businesses from nearby office parks.

Source: DaytonaBeachNewsJournal Thumbnail: by Kelly Lacy from Pexels

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