How Many Self Storage Facilities Are There in THE US?

The self-storage industry in the United States is booming, with a significant number of facilities spread across the country. According to reliable sources, there are between 45,547 and 60,024 self-storage facilities in the US, with an estimated count of 51,206.

These facilities offer a total of 2.04 billion square feet of rentable storage space, amounting to an average of 6.1 square feet per person. It’s remarkable to note that approximately 11.1% of households in the US, which translates to roughly 14.6 million households, opt to rent a self-storage unit.

For those considering renting a self-storage unit, it’s essential to be aware of the average monthly cost, which stands at $100.04. However, the price may vary depending on location and size.

In terms of industry players, some of the prominent publicly traded storage operators in the US include Public Storage, Extra Space Storage, CubeSmart, Life Storage, and National Storage Affiliates Trust. Their annual revenue collectively contributes to the whopping $29 billion generated by the self-storage industry.

Furthermore, the construction spend on self-storage facilities in the US in 2021 reached an impressive $3.75 billion. This investment reflects the high demand for storage solutions across the country.

It’s worth mentioning that self-storage facilities boast an average occupancy rate of 92%, indicating a steady flow of customers in need of storage space.

In the following sections, we will delve deeper into various aspects of the US self-storage industry, including the number of facilities, rental rates, key players, and construction spending.

Number of Self Storage Facilities in the US

When it comes to self-storage facilities, the United States boasts an impressive number of options. According to available sources, the estimated number of self-storage facilities in the US falls within the range of 45,547 to 60,024, with the most commonly cited figure being 51,206. These facilities provide a significant amount of space for individuals and businesses to store their belongings.

Combined, these self-storage facilities offer a total rentable storage space of approximately 2.04 billion square feet. This equates to an average of around 6.1 square feet of storage space per person in the US. With such a wide array of facilities available, it’s no wonder that self-storage has become a popular solution for many households.

Approximately 11.1% of US households, or an estimated 14.6 million households, currently rent a self-storage unit. This significant number highlights the widespread demand for self-storage and the growing reliance on these facilities to meet individuals’ storage needs. The convenience and flexibility afforded by self-storage units make them an attractive option for many people across the country.

Largest Publicly Traded Storage Operators in the US	Annual Revenue
Public Storage	$2.84 billion
Extra Space Storage	$1.44 billion
CubeSmart	$809.8 million
Life Storage	$645.8 million
National Storage Affiliates Trust	$492.4 million

The self-storage industry is a significant contributor to the US economy, with an annual revenue of approximately $29 billion. This figure emphasizes the industry’s growth and the financial impact it has on various sectors. Additionally, construction spending on self-storage facilities in the US in 2021 amounted to approximately $3.75 billion, highlighting the ongoing investment and development in this market.

Overall, self-storage facilities play a crucial role in meeting the storage needs of individuals and businesses across the United States. With a wide range of options available and a strong market presence, the industry continues to thrive and evolve to meet the growing demand for storage solutions.

Rentable Storage Space and Average per Person

When it comes to self-storage facilities in the United States, there is a significant amount of rentable storage space available. According to estimates, these facilities provide a total of 2.04 billion square feet of storage space. This means that on average, each person in the US has access to approximately 6.1 square feet of rentable storage space.

With 11.1% of US households renting a self-storage unit, it is clear that many individuals and families rely on these facilities to store their belongings. In fact, it is estimated that around 14.6 million households in the US utilize self-storage units. This demonstrates the widespread need for additional storage space beyond what is available in homes and apartments.

For those who choose to rent a self-storage unit, the average monthly cost is approximately $100.04. This cost may vary depending on factors such as location, size of the unit, and additional amenities provided by the facility. It’s important to note that the cost of self-storage units can be a worthwhile investment for individuals seeking to declutter their living spaces or temporarily store belongings during a move or renovation.

Rentable Storage Space and Average per Person

Statistic	Value
Total Rentable Storage Space	2.04 billion sq ft
Average Rentable Storage Space per Person	6.1 sq ft
Percentage of US Households Renting a Self-Storage Unit	11.1%
Estimated Number of Households Renting a Self-Storage Unit	14.6 million
Average Monthly Cost of Self-Storage Unit	$100.04

These statistics highlight the significant role that self-storage facilities play in meeting the storage needs of individuals and households across the United States. With a wide range of options available, from small units for personal use to larger units for business storage, individuals have the flexibility to choose the storage solution that best fits their needs and budget.

Self-Storage Unit Renters in the US

When it comes to self-storage units, they have become a popular solution for many individuals and households across the United States. In fact, approximately 11.1% of US households, which is an estimated 14.6 million households, currently rent a self-storage unit. These units provide a convenient and secure space for storing personal belongings, seasonal items, or even business inventory.

The average monthly cost for a self-storage unit in the US is $100.04. However, it is important to note that prices may vary depending on the location, size, and amenities offered by each facility. Some facilities offer climate-controlled units, 24-hour access, and additional security features, which may result in higher rental rates.

The self-storage industry in the US is dominated by key players such as Public Storage, Extra Space Storage, CubeSmart, Life Storage, and National Storage Affiliates Trust. These publicly traded storage operators generate significant annual revenue, contributing to the industry’s overall worth of $29 billion. In 2021, the construction spend on self-storage facilities in the US reached $3.75 billion, indicating the continuous growth and demand for these storage solutions.

Key Players in the US Self-Storage Industry	Annual Revenue
Public Storage	$2.8 billion
Extra Space Storage	$1.4 billion
CubeSmart	$710 million
Life Storage	$690 million
National Storage Affiliates Trust	$531 million

Self-storage facilities across the country maintain an average occupancy rate of 92%, indicating their popularity and demand among consumers. With millions of households relying on these units for their storage needs, the self-storage industry shows no signs of slowing down in the United States.

Section 5: Average Monthly Cost of Self-Storage Units

When considering the cost of renting a self-storage unit in the United States, the average monthly price stands at $100.04. This figure encompasses various unit sizes and locations across the country, reflecting the wide range of options available to consumers. It is important to note that prices can vary significantly based on factors such as the facility’s amenities, location, and demand in the area.

The self-storage industry in the US offers a diverse selection of unit sizes to cater to different needs. From small lockers to large units capable of storing furniture and vehicles, the prices naturally differ based on the size of the space. Additionally, certain locations, especially those in major cities or high-demand areas, tend to have higher rental fees due to factors like limited availability and increased competition.

When considering a self-storage unit, it is advisable to research and compare prices from different facilities in your desired location. This allows you to find the best value for your specific storage requirements while taking into account your budget and other considerations. By doing so, individuals can make informed decisions and ensure they receive a competitive price for their storage needs.

Storage Unit Size	Average Monthly Price
5×5 (small locker)	$50 – $80
10×10 (standard room)	$100 – $200
10×20 (large room)	$200 – $300
10×30 (vehicle storage)	$300 – $400

Note: The prices provided above are approximate figures and may vary depending on location, facility, and other factors. It is advisable to contact specific self-storage facilities for accurate pricing information.

Key Players in the US Self-Storage Industry

When it comes to the self-storage industry in the United States, there are several key players that dominate the market. These companies have established themselves as leaders in the industry and have consistently generated significant revenue.

The largest publicly traded storage operators in the US include:

1. Public Storage
2. Extra Space Storage
3. CubeSmart
4. Life Storage
5. National Storage Affiliates Trust

These companies have a strong presence nationwide and operate numerous self-storage facilities across the country. With their extensive networks and brand recognition, they attract a large customer base seeking reliable and secure storage solutions.

According to industry data, the self-storage industry in the US generates an annual revenue of $29 billion. This highlights the significant financial impact of these key players, who contribute a substantial portion to the industry’s overall revenue. Additionally, in 2021, the construction spend on self-storage facilities in the US amounted to $3.75 billion, indicating ongoing growth and expansion within the sector.

Company	Annual Revenue (in billions)
Public Storage	$2.91
Extra Space Storage	$1.39
CubeSmart	$0.96
Life Storage	$0.94
National Storage Affiliates Trust	$0.41

With an average occupancy rate of 92%, the self-storage industry remains a lucrative business. These key players continue to offer convenient storage solutions to millions of households across the country, catering to the diverse needs of individuals, families, and businesses.

Revenue and Construction Spending in the Self-Storage Industry

The self-storage industry in the United States is not only thriving but also seeing significant revenue generation. According to industry reports, the annual revenue for the self-storage industry amounts to a staggering $29 billion. This figure highlights the demand and popularity of self-storage units among Americans.

In terms of construction spending, the self-storage industry has invested heavily in expanding its facilities. In 2021 alone, the construction spend on self-storage facilities reached $3.75 billion. This substantial investment indicates the industry’s commitment to meeting the growing storage needs of individuals and businesses across the country.

It’s important to note that self-storage facilities maintain a robust average occupancy rate of 92%. This high occupancy rate signifies the consistent demand for self-storage units and the industry’s ability to effectively serve its customers. With millions of households utilizing self-storage units, the industry’s revenue and construction spending continue to experience notable growth.

Revenue and Construction Spending in the Self-Storage Industry – Summary:

• The self-storage industry in the US generates an annual revenue of $29 billion.
• In 2021, the construction spend on self-storage facilities amounted to $3.75 billion.
• The industry maintains an average occupancy rate of 92%.

Industry Metric	Value
Annual Revenue	$29 billion
Construction Spend (2021)	$3.75 billion
Average Occupancy Rate	92%

Warp Up

To understand the scale and impact of the self-storage industry in the United States, we have examined various key factors and statistics. The number of self-storage facilities in the US ranges from 45,547 to 60,024, with an estimated total of 51,206 facilities. These facilities provide a massive rentable storage space of 2.04 billion square feet, averaging 6.1 square feet per person.

Approximately 11.1% of US households, which translates to approximately 14.6 million households, rely on self-storage units to meet their storage needs. With an average monthly cost of $100.04 per unit, people find these facilities to be a convenient and affordable solution.

Looking at the industry’s key players, the largest publicly traded storage operators in the US include Public Storage, Extra Space Storage, CubeSmart, Life Storage, and National Storage Affiliates Trust. These companies contribute significantly to the industry’s annual revenue of $29 billion.

In terms of construction, the self-storage industry has seen substantial investments, with $3.75 billion spent on building new facilities in the US in 2021. This highlights the continued growth and demand in the market. Furthermore, with an average occupancy rate of 92%, it is evident that these self-storage facilities are in high demand and effectively utilized.