Storage Space...should you buy or rent?

Most of us that live in Manhattan have grown accustomed to giving up space in exchange for convenience and life style. For the price of a small studio apartment on the Upper East Side you can have a four bedroom home with a yard and a garage in most towns in this country. But, the suburbs don't have delivery of practically any cuisine known to mankind.

What is at even more of a premium than apartment space is storage space. One of the fastest growing businesses in the city these days are the public storage facilities where you can rent as little or as much space as you need for a fairly reasonable amount of money...in Manhattan terms.

Some buildings now offer storage space in the basement and while it used to be a service provided at a nominal fee to the residents it is now big money. Private storage spaces are selling for $10,000 and sometimes up to $25,000 or more and...this wont come as a shock....they sell out faster than the apartments do.

Having storage in your building as opposed to having to drive to your storage unit is a huge convenience. And, lets not forget that the storage unit will appreciate along with your apartment value and when you are ready to move you can sell your storage unit in addition to your apartment...no broker will be necessary for that transaction...HAHA