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.

Statistic 1

"The revenue of the self-storage industry in the United States, is predicted to reach $49.24 billion in 2021"

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Statistic 2

"The average amount of money spent renting a self-storage unit is $88.85/month."

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Statistic 3

"In 2021, revenue for the self-storage unit industry reached nearly $40 billion."

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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."

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Statistic 5

"The industry's 5-year average annual growth for 2016-2021 is 3.4%."

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Statistic 6

"The next 5 years will see a lower average annual growth rate of 1.9%."

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Statistic 7

"Self-storage is a $38-billion industry in the U.S. as of 2021."

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Statistic 8

"The self-storage industry employs more than 170,000 people in the U.S."

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Statistic 9

"The average square footage per person in the U.S. for self-storage is 5.4 square feet."

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Statistic 10

"The average cost per square foot of self-storage in the U.S. is $0.97."

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