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The units were rented for a similar price per square foot as apartments or office space, but cost 35 to 50 percent less to build and maintain. [6] [7] A property management subsidiary called Public Storage Management Inc. was formed in 1973. [7] [9] By 1974, 20 locations had been built. [7] [8]
Commercial property includes office buildings, medical centers, hotels, malls, retail stores, multifamily housing buildings, farm land, warehouses, and garages. In many U.S. states, residential property containing more than a certain number of units qualifies as commercial property for borrowing and tax purposes.
Self storage (a shorthand for "self-service storage") is an industry that rents storage space (such as rooms, lockers, containers, and/or outdoor space), also known as "storage units," to tenants, usually on a short-term basis (often month-to-month). Self-storage tenants include businesses and individuals.
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A multistorey car park in Hradec Králové, Czech Republic The interior of a shopping mall's parking garage in Kungälv, Sweden. A multistorey car park [1] [2] (Commonwealth English) or parking garage (American English), [1] also called a multistorey, [3] parking building, parking structure, parkade (), parking ramp, parking deck, or indoor parking, is a building designed for car, motorcycle ...
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