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.
The storage biz is all about the 4 D’s
“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.
So there’s plenty of space for Neighbor
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.
