When it comes to real estate investing, profits and losses track to market cycles. Many residential real estate investors shy away from dealing with tenants and maintenance. As a result, they're seeking other real estate asset classes to invest in.
A day hardly passes without the U.S. retail industry sustaining fresh wounds as malls and outlets shut their doors. Americans are still shopping, though—online, in their pajamas—and physics dictates that their new stuff, and old stuff, go somewhere.
Despite recessions and demographic shifts, few building types have boomed like self-storage lockers. In fact, they’ve proven to be one of the surest bets in real estate over the last half century, while malls, starter homes, and even luxury commercial space in big cities, once safe and steady investments, have struggled. Behind the combination locks and roll-up doors lies a $38 billion industry.