Us Self Storage Industry Statistics

172 000 people are employed by storage unit companies in the united states.

Us self storage industry statistics.

Self storage sector snapshot average monthly. 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. Statistics on this page will be updated as we receive new data. A graduate of south dakota state university with a.

For instance over the past several years the size of self storage space completed in the united states increased from 18 5 million sq. Statistic brain 0 05 of the population is employed by the self storage industry. Private businesses are one of the main groups which rely. Updated 3 7 2020 this page contains statistics about the u s.

Jana haecherl marketing communications specialist. 2018 us self storage industry statistics infographic jana haecherl may 24 2019. Data includes graphs and illustrations. Jana is a marketing communications specialist living in kansas city.

The economic growth in the united states is constantly being driven forward by the ongoing innovation r d as well as capital investment. 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. In 2015 to about 36 million sq. Statistics about the self storage industry including annual revenue construction pricing occupancy and financial performance.

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. Statistic brain the average price of a storage unit at auction is 425 with about 155 000 sold annually. 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 the u s 65 of self storage renters have a garage in their home 47 have an attic and 33 percent have a basement.

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.