Us Self Storage Industry Statistics

Jana is a marketing communications specialist living in kansas city. For instance over the past several years the size of self storage space completed in the united states increased from 18 5 million sq. While sometimes considered a low prestige sector of the commercial real estate industry the self storage market is booming driving 38 billion in annual industry revenue in fact 1 in 11 americans pays for storage for their excess possessions.

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Us self storage industry statistics.

Updated 3 7 2020 this page contains statistics about the u s. Self storage sector snapshot average monthly. Statistics about the self storage industry including annual revenue construction pricing occupancy and financial performance. A graduate of south dakota state university with a.

172 000 people are employed by storage unit companies in the united states. Statistic brain the average price of a storage unit at auction is 425 with about 155 000 sold annually. 2018 us self storage industry statistics infographic jana haecherl may 24 2019. Statistic brain 0 05 of the population is employed by the self storage industry.

In 2015 to about 36 million sq. Private businesses are one of the main groups which rely. Statistics on this page will be updated as we receive new data. Jana haecherl marketing communications specialist.

The economic growth in the united states is constantly being driven forward by the ongoing innovation r d as well as capital investment. To investigate more of the wild world of self storage we pulled several interesting facts to highlight the industry s growth and the human need to hold on. Self storage statistics industry statistics and self storage trends. Self storage industry compiled by the sparefoot storage beat.

Ibisworld predicts that this industry will continue to grow at an average annual rate of 3 through 2020 and reach an estimated 60 000 units. In 2019 9 9 percent of self storage space in the united states was vacant and the vacancy rate was forecast to reach ten percent in 2020. In the u s 65 of self storage renters have a garage in their home 47 have an attic and 33 percent have a basement. Self storage industry statistics data annual self storage revenue 22 000 000 000 total number of self storage facilities in the us 58 000 average number of units per facility 566 total amount of.

Households currently rent a self storage unit.

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