You’ve got a spare bedroom, but having strangers sleep over feels… weird. No worries — you can still monetize that square footage.
Neighbor aims to be the Airbnb of self-storage, connecting people who have STUFF with people who have SPACE.
Homeowners might be its bread and butter, but there’s value in thinking outside the box: Neighbor just inked a deal with a major developer to transform office ghost towns into storage spaces.
“Death, downsize, divorce and disaster” keep demand flowing in bad times, as one storage exec told The New York Times.
And what’s a bigger disaster than a pandemic? Students were kicked off campuses, and others gave up apartments to shelter in place with family.
Dumbo Moving + Storage, which has 5 facilities in New York and New Jersey, had 2.6k+ new customers in May, up 35% from last year.
Its rates tend to be ~50% lower than traditional storage facilities, which charge up to $225/month for a climate-controlled unit.
Neighbor estimates a whole basement can pull in ~$3.1.k/year. An empty closet? $384/year.