Storage sector shines because of pack rats

Many businesses are floundering in today's sluggish economy, but not the self-storage sector.

Storage facilities continue to crop up across the Grand Strand, and despite the increased competition, occupancy rates at many of the local facilities are on the rise.

Space-constricted businesses, homeowners and renters are fueling the growth.

"People need to put their items someplace. They don't want to sell them or get rid of them," said Joe Cuozzo, owner of Southern Storage in Murrells Inlet, where all of the 163 storage units are occupied. "Even though maybe the economy is slow, they still want to hold on to their items."

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