U.S. Self-storage - Statistics & Facts

Published by Jennifer Rudden, Jul 1, 2019
Whether it’s a prized vinyl record collection or unwanted hand-me-down furniture, there are an endless number of uses for a self storage unit. Over the last several years, the size of self-storage space completed in the United States has more than tripled since 2015 to reach over 68 million square feet in 2018. The vacancy rates have remained somewhat steady at around nine or ten percent nationwide, demonstrating that while storage space has increased, demand has also increased. The average asking rent per square foot of storage space has risen from 1.16 U.S. dollars in 2016 to 1.21 dollars in 2018.

The leading self-storage company in the United States is Public Storage, which generated over 2.5 billion dollars in revenue in 2017, over twice as much as the second largest company, Extra Space Storage. Both companies boast over 100 million square feet of rental space across the United States. However, neither company operates in every state in the union; a distinction that goes to U-Haul, Inc.

Although its revenue has grown steadily in the last couple years, Public Storage has seen a declining market capitalization value since 2015, decreasing from about 43 billion U.S. dollars to about 35 billion dollars in 2018. In addition, the company’s debt has skyrocketed from 391 million dollars in 2016 to over 1.4 billion dollars in 2018. Public Storage’s debt to total assets ratio has grown from two percent in 2015 to about four percent in 2018.

Founded in 1977 in Billings, Montana, Extra Space Storage is now the second largest self-storage company in the United States. In contrast to Public Storage, Extra Space Storage has seen a relatively stable market capitalization value over the last several years. However, the company’s debt had ballooned to over 4.5 billion dollars as of 2017.

Interesting statistics

In the following 5 chapters, you will quickly find the 25 most important statistics relating to "Self-storage in the U.S.".

Self-storage in the United States

Dossier on the topic

All important statistics are prepared by our experts – available for direct download as PPT & PDF!
TOP SELLER

Important key figures

The most important key figures provide you with a compact summary of the topic of "Self-storage in the U.S." and take you straight to the corresponding statistics.

Public Storage

Extra Space Storage

Other competitors

Any more questions?

Any more questions?

Get in touch with us quickly and easily.
We are happy to help!

Get in touch with us quickly and easily.
We are happy to help!

Do you still have questions?

Feel free to contact us anytime using our contact form or visit our FAQ page.