world-economy

Vermont Self-Storage Boom Fueled by Housing Crunch, Aging Population

Self-storage operators across Vermont are reporting long waitlists and big profits as demand outpaces supply. The sector's expansion reflects broader national trends. Nationwide, there are more than 50,000 self-storage facilities—surpassing the combined count of Dollar General, Subway, and CVS outlets. Vermont's tight housing market and rapidly aging population are driving growth. Industry observers note the sector ranks among the fastest-expanding real estate segments nationally. At facilities like Jericho Mini Storage, operators manage full rosters of rental units while regularly auctioning abandoned inventory. The proliferation continues monthly, underscoring sustained demand across residential markets.