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Neighbor is out to disrupt self-storage: It’s like Airbnb for your stuff

Posted by   /  August 21, 2019  /  No Comments

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By Diana Olick | CNBC

Got extra stuff? Got extra space? A new company is ready to make a match. Neighbor, based in Salt Lake City, connects homeowners online with people who need storage space. Its CEO says the barely 2-year-old company is already seeing 500% annual growth.

“Currently there are more storage facilities in the U.S. than there are Starbucks, McDonald’s, WalMarts, Home Depots, Dominos pizzas, Dunkin’ Donuts and Costco’s combined. So it’s just this massive industry that we are trying to disrupt,” said Joseph Woodbury, co-founder and CEO of Neighbor.

The premise is pretty simple, much like Airbnb, just with stuff instead of people. Homeowners can advertise space and set their own prices, although the website offers guidelines. Listings are now in 48 states and the District of Columbia, and it is also going international.

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