I agree. It's a pretty steady business and could even see an uptick in a recession as people or businesses move or reduce their footprint and put things into storage. The challenge is someone has to man the office and so it isn't completely passive as say renting warehouse space would be. In certain markets warehouse space with modern access features are in short supply and is about as turn-key as it gets. In either type of business, you would have to know the market and local demand. Self-storage also is great as it can be done within the shell of an existing building that might exist. This can reduce overall costs by 20-50% one national operator in Chicago told me last year.
