Feasibility

* Approximately 17,500 RV's owned in 5 mile radius. 

* Approximately 200 Indoor RV Self Storage units in a 5 mile radius and 875 units available within a 20 mile radius.

* Available Indoor units within 5 miles can only accommodate about 1.2% of the RV's within 5 miles and only 5% of the RV's within 20 miles.

* 11.2 Million households own an RV.

* An additional 9.6 million households intend to buy an RV within the next 5 years.

* Source: RVIA Link

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* Demand has been fueled by people who see RV's as a way to experience freedom, control and fun. They want the freedom to get out and take their vacations and enjoy the outdoors while also being able to control their environment.

* Demand is also being fueled by individuals seeking to use RV's as mobile offices. We have had a fundamental change in the workplace with the amount of telecommuting and remote work.

* An increasing number of families are deciding to home-school their children and choosing to do it on the road in and RV.

* Additional reasons, Owner can control the cleanliness of the environment, can vacation while avoiding excessive human contact, itineraries for vacations can be less rigid and more open-ended, easy to bring all supplies from home, pet-friendly traveling.

*Source: GOrving.com Link

Demand for RV Storage is surging due to the increasing use of RV's especially as efforts grow to prohibit them from being stored in residential communities and on city streets.

Growing demand combined with the limited supply means industry fundamentals should remain healthy, even in volatile economic times.

Link to Webinar from 11/16/2022 - Inside Self-Storage - Building Enclosed Boat and RV Storage.