Why Connecticut has seen a surge in self-storage facilities: ‘It’s a growing business’

Old Lyme officials will decide in January on the controversial self-storage proposal, which if approved would be the third such facility on a stretch of Shore Road near million-dollar homes and the town’s iconic Soundview Beach. But a range of other self-storage projects have been approved with little fanfare across the state in recent months, as towns seek low-impact development and Connecticut residents continue to acquire more stuff. Post-pandemic, towns and cities are looking for broader tax bases and most have pulled back on moratoriums on new self-storage projects. Self-storage developers have also made their projects more attractive to towns by limiting their footprint and upscaling design. The last holdouts against self-storage expansion are Connecticut’s larger cities, where officials often cite the need for more housing or development that creates more jobs in turning away developers. (A typical storage facility employs only a handful of people at most.)

https://www.stamfordadvocate.com/business/article/ct-self-storage-developers-bet-on-design-18556629.php?src=sthpbusiness

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