Self-storage and the next 5-10 years

[Christopher Porter]

For all the self-storage investors out there,

I'm new to self-storage, so forgive me if this is a simplistic set of questions, but...

It seems that most of the research/data that I'm coming across regarding a self-storage investment outlook is focused on the next 1-2 years, and it seems to indicate a mostly positive investment climate. I could be totally wrong about that as I'm very new to this. That said, I'm looking for opinions on what many of you think the self-storage investment climate will look like over a longer time horizon i.e. 5-10 years. Do you think it will continue to grow and be a strong investment over the course of that timeline?

And if you think it will continue to be a strong sector to invest in, what are some of the demand indicators you look at to help you come to that conclusion?

Thanks for the input. From the perspective of someone who hasn't yet invested in self-storage but is looking to start, it's nice to hear from those with experience instead of simply relying on data/analytics.

Chris