The Las Vegas region has been hard hit by the economic down turn and the resultant impact on real estate values in the greater Las Vegas area. Many homeowners have seen their homes fall in value to unprecedented levels. Loan foreclosures and short sales are prevalent and some home owners are so far upside down that they are walking away from their property owing more on their mortgages than the house is valued.
Many businesses too, are being forced to close as consumer confidence continues to stall and spending is extremely cautious in all business sectors with the exception of maybe necessities. Most Americans are optimistic that our economy and a more vital commerce will return…it is a matter of when.
Displaced homeowners and business people are relocating and downsizing in order to ride out the storm. The home owner may seek a smaller house or an apartment. The businessperson may seek smaller or less opulent office space. What to do with the all the furniture and equipment that does not fit in the smaller spaces becomes problematic.
Self Storage offers a beneficial solution to that problem. A relatively small space can hold a lot of property. By stacking and nesting furniture and household goods it is surprising how much can go into a small storage space. Green Valley Storage is one of many in the Las Vegas – Henderson Nevada region. Green Valley Storage offers five different locations in the Vegas area and towards Lake Mead.
Mortgage payments that had become harder and harder to meet every month are replace by affordable storage space for all of the property that does not fit into the smaller living accommodations. Many office facilities write their lease agreements with triple net terms. This means the tenant is responsible for all of the expenses for the rented space. While this is a clean method of distributing costs to users in a multiple occupancy building, it is, however, very expensive for the tenant.
Business owners can store unused furniture, records and equipment usually at a fraction of the leased office space in a self storage facility.
These facilities were previously known as mini storage facilities. During earlier times and under that name, most unit sizes were relatively small – 5’ by 5’ or 5’ by 10’. Green Valley Storage units offer a full range of sizes going all the way up to secure parking spaces for tractor trailer 18 wheelers, large motor homes and recreation vehicles. Not only that but storage spaces may be fully enclosed with climate controlled environments to store delicate contents
that may be susceptible to damage from weather extremes. Other spaces offer drive-in garages or covered parking for boats, cars, campers, trailers.