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SELF-STORAGE INVESTING

The Facts

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INVESTMENT & DEVELOPMENT

Solid and Lucrative

Self-storage is an easy choice when it comes to building a solid, lucrative business.

Self-Storage Management Simplified

  • There are 2.5 billion square feet of self-storage space in America, an area more than three times the size of Manhattan Island.
  • The average size of a primary self-storage facility is 56,900 square feet.

Storage With Broad Appeal

  • About one in 10 households currently rent a self-storage space.
  • There is 7.3 square feet of self-storage space for every man, woman, and child in the nation.

A Moneymaker Without the Headaches

  • Over 40% of commercial customers rent for more than two years.
  • The average customer visits their unit once a month.

Diverse Renter Demographics

  • 68% of renters are homeowners.
  • Households with an income over $125,000 are the largest renter group, but self-storage usage is relatively even across income groups.
store facility interior

Self-Storage

Fun Facts

  • The number one reason people rent self-storage is a lack of space at their residence.
  • The most common way renters find a self-storage facility is by driving by.
  • The most commonly rented unit size is 10′ x 10′.
  • The most commonly stored item is indoor furniture.
  • The most common type of unit rented has an exterior entrance with drive-up parking.
Self-storage continues to be a robust and profitable investment, appealing to a wide range of customers and providing steady income with minimal hassle.
Learn About Self-Storage Investing

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