Increased RV ownership has led to a problem of a lack of adequate storage for the vehicles, according to a report by SpareFoot Storage Beat, which covers the self-storage and related industries.
As such, there’s been a rise in demand for both RV rental facilities as well as for-sale RV storage in the form of garages condos. Storage facility operators are also well positioned to manage the rental of consigned RVs as an incremental revenue source, notes Jon Gray, CEO of RVshare, an Akron, Ohio-based peer-to-peer RV rental marketplace.
“As the U.S. becomes more urban, the desire to leverage RVs to get back out into nature and onto the road is higher than ever,” Gray said.
Caesar Wright, president of Carlsbad, Calif.-based Mako Steel, notes that RV self-storage “is about as hot” as he’s ever seen it.
“RV and boat storage interest is through the roof,” he said. “Demand is particularly high up and down the California coast where the supply of places to store RVs and boats is very limited.”
The biggest challenge for developers seeking to build RV storage facilities is that it’s more land intensive compared to conventional self-storage, Wright pointed out.
“The parcel sizes need to be bigger to accommodate a wider turning radius and drive aisle widths,” he added.
Click here to read the full report.