As RV ownership and manufacturing demand reaches higher and higher levels, the need for RV storage becomes an increasingly promising business opportunity, according to a report from insideselfstorage.com
One key difference between the development of boat/RV storage and traditional self-storage is the parcel size required, according to the report. While an average self-storage project needs three to five acres, a boat/RV-storage site needs seven to 10.
“Part of why this type of storage is so land-intensive is the drive-aisle space needed to achieve the best and easiest access to the units. RVs and boats can be difficult to maneuver. The more space you can give tenants, the better their experience will be, and the less likely your buildings will be damaged,” the report said.
There are facilities that do succeed on much smaller parcels. Location and market demand are key drivers. The key is to do a comprehensive analysis of building costs vs. return-on-cash and make sure investors have a clear understanding of your market and the propensity to rent.
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