U.S. Self-Storage Industry Statistics

Updated 1/27/2021

This page contains statistics about the U.S. self-storage industry compiled by The SpareFoot Storage Beat. Statistics on this page will be updated as we receive new data. If you have data that you’d like to share or have a question about data on this page, please email editor@sparefoot.com.

 

1. Self-storage sector snapshot

Self-Storage-Sector-Snapshot

 

2. Average monthly construction spending on self-storage facilities

The chart below shows construction spending by month, according to the U.S. Census bureau. Figures are not adjusted for inflation.

Self-Storage-Construction-Spending-by-Month-2013-Present-Bestar-Door

 

3. Number of self-storage facilities in the U.S.

There are an estimated number of 49,233 self-storage facilities operating in the U.S. today. (Self-Storage Almanac, 2021)

Industry ownership is fragmented, with 31.2% of self-storage space (by rentable square footage) owned by six public companies, 16.5% owned by the next top 94 operators, and 52.3% owned by small operators. (Self-Storage Almanac, 2021).

4. Largest self-storage operators (publicly traded) in the U.S. (by annual revenue)

  • Public Storage: $2.68 billion (2019)
  • Extra Space Storage: $1.3 billion (2019)
  • CubeSmart: $643.9 million (2019)
  • Life Storage: $574.7 million (2018)
  • National Storage Affiliates Trust: $387.9 million (2019)
  • U-Haul: $367.3 million (fiscal 2019 – self-storage revenue only)

Data from most recently reviewed company earnings reports.

5. Largest self-storage operators in the U.S. (by number of facilities, owned or managed)

  • Public Storage: 2,844
  • Extra Space Storage: 1,878
  • U-Haul: 1,778
  • CubeSmart: 1,261
  • National Storage Affiliates Trust: 948
  • Life Storage: 905

Data from Self Storage Almanac 2021

6. Amount of rentable self-storage space in the U.S.

1.9 billion square feet of storage space is in operation in the U.S. today. (Self-Storage Almanac, 2021)

7. Amount of rentable self-storage space per person in the U.S.

5.9 square feet per person of self-storage space is available in the U.S. market. (Self-Storage Almanac, 2021)

8. Percentage of U.S. households that rent a self-storage unit

10.6% of households currently rent a self-storage facility. That is an estimated 13.5 million households. (SSA Self Storage Demand Study, 2020)


Post time: Feb-21-2021

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