Ready to Ride?

October 30th, 2007

During the past three years, more than one million recreational vehicles have been sold to retirees and road warriors who prefer to take their vacations via the highways and backroads. Combined with increasing restrictions by homeowners associations and municipalities to keep these large vehicles from parking on neighborhood streets and driveways, the demand for RV and boat storage has skyrocketed.

While developers of this specialty storage have taken advantage of this trend by building a wide range of facilities, there are strong indications that there is room for more. In research of a 25-facility trade area conducted last year by R. Christian Sonne, managing director of Cushman & Wakefield of Huntington Beach, Calif., the study indicated RV and boat storage in this market alone was underserved by nearly 2,000 units.

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Entry Filed under: Industry Happenings