Solid and Lucrative

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

Self storage is a huge category.

  • In the U.S., self storage represents over $27.2 billion in sales per year.
  • There is 2.5 billion square feet of self storage space in America, an area more than 3 times the size of Manhattan Island.
  • The average size of a primary self storage facility is 56,900 square feet.

Self storage has broad appeal.

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

Self storage is a moneymaker without the headaches.

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

Self storage has diverse renter demographics.

  • 68% of renters are homeowners.
  • A household income of over $125,000 is the number one renter group, however self storage usage is relatively even across income groups.

Self storage fun facts:

  • The number one reason people rent self storage is no room for items at residence.
  • The number one way a renter finds a self-storage facility is by driving by.
  • The most commonly rented unit 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.

Sources: MiniCo, SSA