ADDISON – According to a survey by StorageUnits.com, 67 percent of respondents moved out of their homes between March 2020 and October 2021.
Most people who moved cited the need for more space as the driving factor. About 37 percent of respondents moved into larger homes, while only 6 percent downsized.
The survey found that 39 percent of Americans moved because of remote work, with many looking for space for a home office. One-fourth of respondents were motivated to live in a different location, which was made possible by the flexibility of remote work.
Financial hardship also pressured Americans to move. According to the survey, 21 percent of respondents moved because of pandemic-related financial setbacks. Of those who downsized, 33 percent cited money challenges. This concern was also the primary reason they moved in with family members (30 percent) or had no permanent residence (44 percent).
The relocation trend led to an increase in storage unit rentals. About 78 percent of people who moved rented storage units, and 40 percent plan to continue using storage space for ongoing needs.
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