Amid the economic wreckage brought on by COVID-19, one industry stands out for its resilience to the virus: self-storage.
Deemed an essential sector by the state, self-storage facilities have remained open and operating through the economic freeze that began in mid-March. The standard operating model – where customers pay monthly for a leased storage unit in a facility accessible 24/7 with a personalized key code – has held up fairly well. Most companies have been able to avoid sweeping layoffs or furloughs.
Read the full story in the May 25 issue of the San Fernando Valley Business Journal.