Self-Storage Facilities Begin to Recover After Hurricane Harvey

By Anca Gagiuc

Extra Space Storage Inc. announced that 30 properties totaling 2.6 million net rentable square feet and 20,000 units have reopened in the greater Houston area after being affected by Hurricane Harvey. Another four properties encompassing 375,000 net rentable square feet and 2,500 units remain temporarily closed due to the impact related to the storm.

A helping hand

The four closed self-storage properties are under evaluation for safety and accessibility and will be reopened once deemed safe and operable. In addition, a rent credit will be issued immediately to the accounts of the Houston customers for the time the stores have been closed. Moreover, for the month of September, the company will be providing the first month of rent free on new rentals at affected Houston-area self-storage locations. Extra Space Storage will also waive the administrative fees on all new rentals.

“Our hearts go out to the millions of people in Houston as they move forward from this tragic event,” Joe Margolis, CEO of Extra Space Storage, said in a prepared statement. “While we know it is a long road ahead, we hope we can play a small part in helping our employees and customers solve a problem and get to a better tomorrow.”