10 Signs The Self-Storage Industry Is Taking Over
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The self-storage industry in the U.S. has grown significantly, generating $27.2 billion in annual revenues and employing over $3.25 billion in local and state property taxes. With a capacity of about 21 square feet per American household, around 30% of renters utilize storage for over two years, despite many having their own garage, attic, or basement. Additionally, a majority of self-storage renters earn less than $75,000 annually, and 83.9% of U.S. counties have at least one primary facility.
10 Signs The Self-Storage Industry Is Taking Over
- 1. 10 Signs The Self-Storage Industry Is Taking Over
- 2. Total self storage rentable space in the US is roughly 2.5 billion square. SOURCE
- 3. The self storage is one of the fastest-growing sectors of the U.S. commercial real estate industry over the last 4 decades. SOURCE
- 4. The self storage industry in the United States generated $27.2 Billion in annual U.S. revenues (2014). SOURCE
- 5. The industry pays more than $3.25 billion each year in local and state property taxes. SOURCE
- 6. There is a total U.S. self storage space capacity of about 21 sq. ft. per American household. SOURCE
- 7. About 30% of all self storage renters say they will rent for more than 2 years. SOURCE
- 8. Some 68% of all self storage renters live in a single- family household; 27% live in an apartment or condo. SOURCE
- 9. Some 65% of all self storage renters have a garage but still rent a unit; 47% have an attic in their home; and 33% have a basement. SOURCE
- 10. 63% of self- storage renters have an annual household income of less than $75,000 per year. SOURCE
- 11. 83.9% of all U.S. counties have at least one "primary" self storage facility. SOURCE
- 12. In The Self-Storage Industry? Contact Us About Your Storage Payment Needs