Woods Mazzulla Investing | Density Toronto: Condo dwellers pare down possessions, rent storage units at a cost of $150 per month | WAM Property Management

“The developer of City Place builds storage units based on demand. Generally their buildings contain 60 to 70 per cent the number of storage units as living units, said a representative for the company.

Peter Obradovich, director of operations at Spaces Self Storage, estimates that between 20 and 30 per cent of their business comes from permanent storage. The business opened in 2009 and, according to Obradovich, runs at a ‘high occupancy.’

“It’s been pretty good. We’re still not full, and we probably won’t be full for another year and a half to two years,” he said.

The Leslieville storage location charges about $150 per month for a 5’ by 10’ storage unit, though Obradovich notes that price fluctuates with availability.” (Toronto Star: November 2, 2012).

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http://www.thestar.com/news/gta/article/1282250–density-toronto-condo-dwellers-pare-down-possessions-rent-storage-to-fit-into-small-living-spaces

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