COVID real estate: Bay Area self-storage units are hot tickets in big deal

COVID real estate: Bay Area self-storage units are hot tickets in big deal

2 years ago
Anonymous $Dcz6_RW03I

https://www.mercurynews.com/2022/08/18/covid-real-estate-bay-area-self-storage-hot-ticket-big-deal-economy/

SAN JOSE — The official end of coronavirus-linked shutdowns has unleashed a surge in demand — including a Bay Area mega-deal — for a mundane-sounding commercial real estate product: self-storage facilities.

Public storage complexes might seem to be the most prosaic of real estate properties. Yet as personal habits shifted dramatically after the end of the business lockdowns triggered by the deadly bug, investors began to view public storage sites as increasingly attractive.