Self storage facilities in Brooklyn’s manufacturing zones
Self storage companies have emerged as big winners in the post-recession re-structuring of the New York City economy.
As the city shed more than 102,000 manufacturing jobs and about 8,000 traditional warehousing jobs from 2001 to 2013, self-storage units filled open spaces in manufacturing zones across the city. Their expansion is driven by a proven business model, but manufacturing advocates are not enthusiastic about the change.
“They only employ a few people, so their workforce density is incredibly low and all of that translates into profit,” said Adam Friedman, executive director of the Pratt Center for Community Development, which runs the Made in NYC campaign. “This is a great illustration of how a use can be really profitable, really marketable, and clearly conveys far lower economic development impact – it’s like a dysfunction in the market.”