Coronavirus and the Container Industry
The coronavirus outbreak has had its effects on multiple industries. With a huge decrease in production there have been huge dropoffs in supply, including shipping containers. As the coronavirus outbreak began spreading, there were many limitations put on imports to the United States from overseas, especially China. Since China is the number one manufacturer of containers in the United States, this created a huge shortage of units, in turn driving up price to never before seen levels. As the container manufacturers begin to return to normal operations, there is huge demand for new units. As seen in the chart there has been almost a 60% increase in container prices in 2021 This is why most businesses are opting to rent a container in 2021 as the container market is very sparse at the moment.
Benefits of Renting
Containers are a great way to add storage to your home or business. They are weather proof units that allow on site access for whatever you need to store. This elminates the hassle of going back and forth from a self storage unit. Shipping containers are also cheaper than your typical self storage facility. You can rent a 20 foot storage container from Ark containers an average of $100/month. Rather than spending thousands of dollars on a single unit, you can rent multiple units and still have better cashflow than the single purchase. Also, some businesses can write these units off as expenses come tax season (check with your accountant to see if you qualify).
Business Storage
Businesses in every industry utilize containers for extra on site storage.Container Pods can be used for storing merchandise, equipment, files, and just about anything you can think of. They are compact efficiently built to maximize storage space. A 20 foot container can fit in a typical parking spot, Adding 160 sq. feet of storage to your facility with no construction needed. Cash flow is huge in a business. Having free cash for a jump in demand or any unanticipated expenses is always beneficial. Shelling out thousands of dollars for a shipping container for sale can really set you back in terms of profits and overall free cash.
Homeowners
If you are a homeowner, containers can be a great way to store furniture and other goods while you are undergoing rennovations. They free up space inside your property to increase the speed of work of whoeever you hire so you can get the job done as quickly as possible. You also dont have to worry about renting a box truck to bring your things to a self storage facility near me. Our secure storage containers are guaranteed to protect whatever your storing from weather and theft. Containers can also make a great long term shed. Sheds usually can run anywhere from $2000 to $5000. Renting a 20 foot container can be as low as $100 a month. The best part is that you wont have any construction or permits. A container is not an in ground unit and can be removed at any time. You can have on site storage as soon as this week! Call now for a free quote from one of our team members and to learn more about why to rent in 2021.