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Storage Units as Second Homes

GarageTown Play Spaces

— February 29, 2008 — Lifestyle
What a fantastic idea: using storage units as play spaces!

Designers and builders of storage units realized that people were using these rental spaces for more stashing their boxes full of junk, so they took the idea and ran with it. The units by GarageTown are perfect for kid play or for adult play. GarageTown units are actually condos - with each owner getting deed to the space they occupy.

Implications - Since the recent economic downturn consumers are constantly looking for ways to maximize the use and functionality of their possessions. Businesses that offer efficient ways to use a wide range of products will appeal to a wide clientele.
Trend Themes
1. Storage Unit Condos - The trend of repurposing storage units as living spaces has potential for disruptive innovation in the real estate and construction industries for offering affordable housing solutions.
2. Multi-functional Spaces - The trend of using storage units for play spaces highlights the opportunity for businesses to create multi-functional spaces that can cater to a variety of needs, particularly in the events and entertainment industries.
3. Personalized Storage Solutions - The trend of using storage units for various purposes presents an opportunity for businesses to offer personalized and flexible storage solutions for individuals and small businesses in the storage industry.
Industry Implications
1. Real Estate - The trend of repurposing storage units as living spaces has potential for disruptive innovation in the real estate industry for offering affordable housing solutions to renters and buyers.
2. Construction - The trend of repurposing storage units as living spaces presents an opportunity for disruptive innovation in the construction industry for creating adaptable living spaces that can be easily and affordably constructed.
3. Storage - The trend of using storage units for various purposes presents an opportunity for disruptive innovation in the storage industry for offering personalized and flexible storage solutions to individuals and small businesses.
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