Self Storage Industry

Key Facts

  • There are now approximately 46,500 primary* self storage facilities in the U.S.
  • Nearly 1-in-10 of U.S. households, or 10%, currently rent a self storage unit, which has increased from 1-in-17 since 1995. This represents a 65% increase in the last 15 years
  • The self storage industry has been the fastest-growing sector of the U.S. commercial real estate industry over the last 35 years
  • Primary self storage facility gross revenues for 2010 were approximately $22.0 billion
  • The total market capitalization of the entire U.S. self storage industry is well in excess of $220 billion
  • Nationally, primary self storage facilities employ 163,000 persons, or an average of 3.5 employees per facility (excludes ownership)
  • There are some 27,650 small business entrepreneurs (90% of all self storage companies) who own and operate just one primary self storage facility
  • The top 5 self storage companies, including the 4 public companies, own and operate some 4,850 self storage facilities, or about 10% of all primary facilities
  • Total self storage rentable space in the U.S. is estimated to be 2.22 billion square feet (as of Q4-2010). That figure represents more than 78 square miles of rentable self storage space under one roof - or an area well more than 3 times the size of Manhattan Island (NY)
  • There are 7.0 sq. ft. of self storage space for every man, woman and child in the nation, thus, it is physically possible that every American could stand - all at the same time - under the total canopy of self storage roofing

Self Storage Association “Industry fact sheet” (6/11) 

*Primary = self storage is the primary source of revenue
 

Random Image
-

This website is neither an offer to sell nor the solicitation of an offer to buy any security. Only the prospectus can make such an offer. Therefore, a copy of the prospectus must be made available to you in connection with the offering. This advertising material must be read in conjunction with the prospectus in order to understand fully all of the implications and risks of the offering of securities to which it relates. Because it is a summary, it may not contain all of the information that is important to you. To understand the Strategic Storage Trust offering fully, you should read the entire prospectus and Risk Factors carefully, including the “Questions and Answers About this Offering” and “Risk Factors” sections and the financial statements, before making a decision to invest in our shares. Some of the more significant risks include the following: the “blind pool” nature of the offering; our accumulated deficit; absence of public market for the shares and lack of liquidity; we have paid distributions from sources other than cash flows from operations and may continue to do so; dependence on our advisor and its affiliates to select investments and conduct our operations; our board’s ability to change our investment objectives; our payment of substantial fees and expenses to our advisor and its affiliates; conflicts of interest among us and our sponsor and its affiliates; less diversification if we raise substantially less than the maximum offering; we may fail to remain qualified as a REIT; and we may incur substantial debt. We cannot assure you that we will achieve any of our investment objectives. No offering is made to New York residents except by a prospectus filed with the Department of Law of the State of New York. The Attorney General of the State of New York has not passed or endorsed the merits of the offering. Use of this website is subject to its Terms and Conditions and Privacy Policy.