Portable Storage a Boon to Commercial Real Estate Market

With commercial real estate prices expected to fall as much as 15 percent over the next year – the largest dip since the 2001 recession – it’s time to hold on to property and keep it rented.Portable storage is helping the cause. Portable storage containers add external square footage to your commercial real estate property. That means you don’t need to build additional facilities before you absolutely need them. Portable storage containers come in various sizes and colors. These units can be strategically positioned in the back of a commercial facility. That puts the containers out the customers’ site but still conveniently in reach of tenants who need extra storage space for overstock, tools or other items.

“We frequently hear stories about commercial landlords who have extended their facility’s use by adding portable storage containers to the mix,” said John Finnessy, CMP, Executive Director the National Portable Storage Association, or NPSA, a nonprofit membership association dedicated to the advancement of the portable storage industry. “You can even charge an incremental fee to the tenant in many cases. It’s a win-win.”

Jesse Jenkins, owner of Jedlicka’s Saddlery, Inc. in Santa Barbara, can testify to that fact. Jenkins owns a commercial building from which he sells his saddles, and he rents part of the building to a carpet flooring business. But Jenkins was threatened with losing his tenant when the carpet business grew out of the space. “My tenant didn’t have enough storage…we provided that with a portable storage container,” Jenkins explains. “Now he’s renting additional space from us.”

Click here to read the rest of this story. This is an example of a press release we distributed for one of our clients, the National Portable Storage Association.

Add comment September 21st, 2007