GITNUX MARKETDATA REPORT 2024
Self-Storage Industry Statistics
The self-storage industry continues to grow, with an increase in rental rates, occupancy levels, and overall revenue.
In this post, we will explore key statistics and insights surrounding the self-storage industry in the United States. From revenue forecasts and average costs to employment figures and industry growth rates, we will provide a comprehensive overview of this $38-billion market. Stay tuned to uncover the latest trends shaping the self-storage landscape.
Statistic 1
"The revenue of the self-storage industry in the United States, is predicted to reach $49.24 billion in 2021"
Statistic 2
"The average amount of money spent renting a self-storage unit is $88.85/month."
Statistic 3
"In 2021, revenue for the self-storage unit industry reached nearly $40 billion."
Statistic 4
"Self-storage facilities in the United States occupy more than three times the space of all the Walmart stores combined in the country."
Statistic 5
"The industry's 5-year average annual growth for 2016-2021 is 3.4%."
Statistic 6
"The next 5 years will see a lower average annual growth rate of 1.9%."
Statistic 7
"Self-storage is a $38-billion industry in the U.S. as of 2021."
Statistic 8
"The self-storage industry employs more than 170,000 people in the U.S."
Statistic 9
"The average square footage per person in the U.S. for self-storage is 5.4 square feet."
Statistic 10
"The average cost per square foot of self-storage in the U.S. is $0.97."
