Economics & Demographics • Section 3


(58 percent), Nevada (58 percent), and Arizona (57 percent). Of moves to Oregon, the highest ranking Western state, a new job or company transfer (53 per- cent) and retirement (19 percent) led the reasons for most inbound moves.


More retirees than ever are relocating and, as a re-


sult, new retirement hubs are popping up in Western states, according to the University of California, Los Angeles. Retirees are leaving at such a fast pace that the movement of millennials to urban areas in the Midwest and Northeast is being overshadowed.


The effects of natural disasters coupled with the


prospect of lower rates and occupancies has created uncertainty in the industry


going into 2018. Self-storage owners and developers need to prepare their businesses for the potential turnover of tenants ...


The study found South Dakota was the nation’s


“Top Moving Destination,” with Vermont and Oregon close behind.


The Southern states also saw a high number of


people moving in with 53 percent of inbound moves. United Van Lines found the top reasons for moving south included company transfer/new job, retire- ment, and proximity to family.


The Northeast continues to experience a mov-


ing deficit with New Jersey (63 percent outbound), New York (63 percent), Connecticut (60 percent), and Pennsylvania (56 percent) representing top out- bound states.


The effects of natural disasters coupled with the


prospect of lower rates and occupancies has cre- ated uncertainty in the industry going into 2018. Self-storage owners and developers need to prepare their businesses for the potential turnover of ten- ants, not only in areas hit hard by disasters but almost anywhere the unforeseen may strike.


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 


  


1 California 2


Texas


3 Florida 4 5


New York Illinois


6 Pennsylvania 7 Ohio 8


9 North Carolina 10 11 12 13 14 15 16 17 18 19


Georgia Michigan


New Jersey Virginia


Washington Arizona


Massachusetts Indiana


Tennessee Missouri Maryland


20 Wisconsin 21 22


25 Louisiana 26


Alabama Kentucky


27 Oregon 28 Oklahoma 29 30 31


Arkansas Kansas


35 Nevada


36 New Mexico 37 Nebraska


38 West Virginia 39


Idaho


40 Hawaii 41


42 Maine


43 Rhode Island 44 Montana 45 46 47 48


Delaware


South Dakota North Dakota Alaska


49 District of Columbia 50 51


Vermont Wyoming


 Source: WorldAtlas.com


New Hampshire


Connecticut Iowa Utah


32 Mississippi 33 34


Minnesota Colorado


23 South Carolina 24


27,469,114 20,271,272 19,795,791 12,859,995 12,802,503 11,613,423 10,214,860 10,042,802 9,922,576 8,958,013 8,382,993 7,170,351 6,828,065 6,794,422 6,619,680 6,600,299 6,083,672 6,006,401 5,771,337 5,489,594 5,456,574 4,896,146 4,858,979 4,670,724 4,425,092 4,028,977 3,911,338 3,590,886 3,123,899 2,995,919 2,992,333 2,978,204 2,911,641 2,890,845 2,085,109 1,896,190 1,844,128 1,654,930 1,431,603 1,330,608 1,329,328 1,056,298 1,032,949 945,934 858,469 756,927 738,432 672,228 626,042 586,107


  


  39,144,818


37,254,503 25,146,105 18,804,623 19,378,087 12,831,549 12,702,887 11,536,725 9,688,681 9,535,692 9,884,129 8,791,936 8,001,045 6,724,543 6,392,307 6,547,817 6,484,229 6,346,275 5,988,927 5,773,785 5,687,289 5,303,925 5,029,324 4,625,401 4,780,127 4,533,479 4,339,349 3,831,073 3,751,616 3,574,118 3,046,869 2,763,888 2,968,103 2,915,958 2,853,132 2,700,691 2,059,192 1,826,341 1,853,011 1,567,652 1,360,301 1,316,466 1,328,361 1,052,931 989,417 897,936 814,191 672,591 710,249 601,767 625,745 563,767


 2018 Self-Storage Almanac 51


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