U.S. self-storage facilities number 52,000 and supply more than 2.1 billion square feet of space. The sector generates 22.5 billion dollars in revenue while 42 percent of adults report renting a unit at some point. Occupancy holds near 92 percent even as operators track shifts in move-in rates and reasons for rental.
Key Takeaways
- 42% of U.S. adults have used self-storage at some point.
- The average U.S. self-storage facility size is 46,000 sq ft with 400 units in 2023.
- Self-storage demand projected to grow 4% annually through 2028 in U.S.
- In 2023, the U.S. self-storage industry generated $22.5 billion in revenue, marking a 4.2% increase from 2022.
- The average U.S. self-storage facility has 550 units and 50,000 rentable sq ft in 2023.
Storage facility demand is rising as more households seek convenient, secure space for belongings.
Related reading
01 · Category
Customer Insights26 stats
01
42% of U.S. adults have used self-storage at some point.
02
Top reason for renting self-storage: moving (34%) according to 2023 survey.
03
28% of self-storage users are homeowners decluttering.
04
Millennials (25-40) represent 35% of self-storage renters in 2023.
05
Women account for 52% of primary self-storage account holders.
06
Average household income of renters: $75,000annually in U.S. 2023.
07
22% of renters use storage for business inventory.
08
Divorce/separation drives 12% of self-storage rentals.
09
65% of renters prefer facilities within 5 miles of home.
10
Online reviews influence 78% of self-storage rental decisions.
11
Seasonal renters (students) peak at 15% of occupancy in summer.
12
18% of military personnel use self-storage annually.
13
Seniors (65+) comprise 10% of renters for downsizing.
14
Business users rent average 3x longer than personal (24 months).
15
55% discover facilities via online search.
16
Price sensitivity: 62% would switch for $10/month savings.
17
U.K. self-storage renters average age 37, 48% female.
18
25% of renters store vehicles or recreational equipment.
19
Repeat renters make up 40% of annual customers.
20
Eco-conscious renters prefer facilities with solar: 30% premium pay.
21
Canadian renters: 32% for home renovation projects.
22
70% value gated access as top amenity.
23
Average rental duration post-move: 6 months.
24
15% use for wine/collectibles storage.
25
Gen Z (18-24) growing segment at 20% of new renters.
26
50% of renters influenced by promotions/discounts.
Interpretation
Customer Insights Interpretation
Despite our modern obsession with minimalism, it seems nearly half of us are simply paying for the privilege of postponing our decisions, whether we're millennials stashing starter homes, heartbroken spouses storing memories, or entrepreneurs hiding inventory from the taxman—all while relentlessly checking reviews and calculating if the place five miles away is ten bucks cheaper.
02 · Category
Financial Performance29 stats
01
The average U.S. self-storage facility size is 46,000 sq ft with 400 units in 2023.
02
U.S. self-storage operators reported average revenue per sq ft of $16.80in 2023.
03
Publicly traded U.S. self-storage REITs achieved 5.1% NOI growth in 2023.
04
Average U.S. self-storage EBITDA margin was 68% in 2023.
05
Self-storage industry cap rates averaged 5.8% for stabilized assets in 2023.
06
U.S. self-storage development costs averaged $65per sq ft in 2023.
07
Average monthly rent for 10x10 unit in U.S. was $126in 2023.
08
Self-storage same-store NOI growth was 4.5% for top REITs in 2023.
09
Operating expenses per sq ft in U.S. self-storage averaged $5.20in 2023.
10
U.K. self-storage average revenue per sq ft was £18.50 in 2023.
11
Canadian self-storage facilities saw 3.8% rental rate growth in 2023.
12
Australian self-storage yields averaged 6.2% in 2023.
13
U.S. self-storage property sales averaged $120per sq ft in 2023.
14
Average utility costs for self-storage were 8% of revenue in 2023.
15
European self-storage EBITDA margins averaged 65% in 2023.
16
U.S. climate-controlled self-storage rents 25% higher than non-climate in 2023.
17
Marketing expenses represented 4.5% of total opex in U.S. self-storage 2023.
18
Brazilian self-storage average occupancy revenue yield was BRL 25/sq m in 2023.
19
U.S. self-storage insurance costs averaged $0.25per sq ft annually in 2023.
20
Payroll expenses accounted for 35% of total operating costs in 2023 U.S. self-storage.
21
Global self-storage IRR for new developments averaged 12% in 2023.
22
U.K. self-storage rental growth was 5.2% YoY in 2023.
23
U.S. multi-story self-storage facilities had 15% higher revenue psf in 2023.
24
Maintenance costs per sq ft were $0.40in U.S. self-storage 2023.
25
Asian self-storage average rents increased 10% in urban markets 2023.
26
U.S. self-storage tax rates effective averaged 25% on profits in 2023.
27
Revenue from ancillary services like insurance sales was 7% of total in 2023.
28
French self-storage facilities reported 6% revenue growth in 2023.
29
U.S. self-storage facilities with software management saw 10% higher NOI.
Interpretation
Financial Performance Interpretation
Americans are paying dearly to store their extra stuff, and the industry, with its nearly 70% margins and steady growth, is laughing all the way to the bank.
03 · Category
Industry Trends and Projections26 stats
01
Self-storage demand projected to grow 4% annually through 2028 in U.S.
02
Climate-controlled storage demand to rise 8% CAGR to 2030.
03
Urban infill self-storage developments to increase 25% by 2025.
04
Tech integration like AI pricing to be adopted by 60% facilities by 2027.
05
Global self-storage market CAGR 5.4% 2023-2030.
06
U.S. supply growth to slow to 1.5% annually post-2025.
07
Mobile self-storage (portable) segment to grow 10% CAGR.
08
Sustainability features in 40% new builds by 2026.
09
M&A consolidation to continue, top 10 operators 45% market share by 2027.
10
Peer-to-peer storage platforms to capture 5% market by 2030.
11
E-commerce boom drives 15% business storage growth to 2028.
12
Robotized retrieval systems in 10% facilities by 2027.
13
Rental rates forecasted to increase 3.5% annually through 2028 U.S.
14
Europe market to double to 20 million sq m by 2030.
15
Asia-Pacific to add 1 billion sq ft by 2030.
16
Contactless operations standard in 80% facilities by 2026.
17
Oversupply risk in Sunbelt U.S. markets post-2025.
18
Vehicle storage segment CAGR 7% to 2030.
19
Data centers repurposing old self-storage at 5% rate by 2027.
20
Australia self-storage to grow at 4.5% CAGR to 2028.
21
Virtual tours adoption to 70% by 2025.
22
Subscription models for storage to rise 20% penetration by 2030.
23
Latin America CAGR 9% through 2030 from urbanization.
24
U.S. self-storage penetration to reach 7 sq ft per capita by 2030.
25
Drone surveillance in 15% facilities by 2027.
26
Canada market value to $3 billion by 2028.
Interpretation
Industry Trends and Projections Interpretation
Even as robots start fetching our holiday decorations and drones watch over our kayaks, the self-storage industry is shrewdly evolving from a simple warehouse for our stuff into a sophisticated, tech-infused real estate class where we'll pay a premium to stow both our cherished heirlooms and the relentless influx of our online shopping regrets.
More related reading
04 · Category
Market Overview29 stats
01
In 2023, the U.S. self-storage industry generated $22.5 billion in revenue, marking a 4.2% increase from 2022.
02
Globally, the self-storage market was valued at $42.9 billion in 2022 and is projected to reach $64.3 billion by 2030 at a CAGR of 5.2%.
03
The number of self-storage facilities in the United States reached 52,000 in 2023, providing over 2.1 billion square feet of rentable space.
04
Europe’s self-storage market grew by 7% in 2022, with the UK leading at 1,200 facilities and 10 million sq ft.
05
Asia-Pacific self-storage market is expected to grow at the highest CAGR of 6.8% from 2023 to 2030 due to urbanization.
06
In 2023, the U.S. self-storage occupancy rate averaged 92.5%, up from 91.8% in 2022.
07
Canada’s self-storage industry has over 4,000 facilities with 300 million sq ft of space as of 2023.
08
Australia’s self-storage sector reached AUD 1.2 billion in revenue in 2022 with 2,200 centers.
09
The global self-storage market penetration rate is highest in the U.S. at 6.3 sq ft per capita.
10
Latin America’s self-storage market is nascent, with Brazil having 150 facilities totaling 2.5 million sq m in 2023.
11
U.S. self-storage industry saw 1.2% net square footage growth in 2023.
12
FEDESSA reports Europe had 2,800 self-storage facilities in 2023 across 28 countries.
13
China’s self-storage market grew 15% YoY in 2022, reaching 500 facilities.
14
South Africa’s self-storage industry has 250 facilities with 1.5 million sq m rentable space in 2023.
15
The Middle East self-storage market is expanding, with UAE having 50 facilities in 2023.
16
U.S. self-storage M&A activity reached $12 billion in transaction volume in 2023.
17
Japan’s self-storage market valued at JPY 200 billion in 2023 with 3,000 facilities.
18
India’s self-storage sector is emerging with 100 facilities in major cities as of 2023.
19
New Zealand self-storage has 400 facilities providing 4 million sq ft in 2023.
20
Global self-storage construction starts totaled 150 million sq ft in 2023.
21
U.S. self-storage supply growth slowed to 2.5% in 2023 from 3.1% in 2022.
22
Mexico’s self-storage market has 200 facilities with 1 million sq m in 2023.
23
Singapore self-storage revenue reached SGD 150 million in 2023.
24
Global self-storage REITs market cap exceeded $50 billion in 2023.
25
Spain added 20 new self-storage facilities in 2023, totaling 250.
26
Turkey’s self-storage sector grew to 80 facilities in 2023.
27
U.S. self-storage street rates rose 2.8% YoY to $17.50 psf in 2023.
28
Germany self-storage market has 400 sites with 3 million sq m in 2023.
29
France’s self-storage occupancy averaged 85% in 2023.
Interpretation
Market Overview Interpretation
Clearly, the world is running out of room for all its stuff, proving that our collective attachment to material things is now a half-trillion-dollar global industry cleverly disguised as real estate.
05 · Category
Operational Metrics28 stats
01
The average U.S. self-storage facility has 550 units and 50,000 rentable sq ft in 2023.
02
National average occupancy for U.S. self-storage was 92% in Q4 2023.
03
40% of U.S. self-storage space is climate-controlled as of 2023.
04
Average unit turnover rate in U.S. self-storage is 65% annually.
05
U.S. self-storage facilities employ average 3.2 full-time staff per site.
06
Drive-up units account for 60% of total rentable space in U.S. facilities.
07
Average length of stay for self-storage tenants is 13 months in U.S.
08
75% of U.S. self-storage facilities offer 24/7 access in 2023.
09
Vehicle storage units represent 5% of total self-storage space utilized.
10
Online reservations account for 45% of new rentals in 2023 U.S. self-storage.
11
Average move-in rate for U.S. self-storage is 8.5% monthly.
12
30% of facilities use automated kiosks for payments in 2023.
13
U.K. self-storage average unit size rented is 25 sq m.
14
Delinquency rates in U.S. self-storage averaged 1.2% in 2023.
15
55% of U.S. self-storage square footage is in facilities over 100,000 sq ft.
16
Boat and RV storage demand grew 12% YoY in 2023 operations.
17
Average daily truck rentals from self-storage sites: 2.5 per facility.
18
Security cameras cover 95% of U.S. self-storage premises in 2023.
19
Multi-level facilities represent 15% of new U.S. self-storage builds.
20
Tenant insurance uptake rate is 35% in managed facilities 2023.
21
Average phone inquiries converted to rentals: 25% industry wide.
22
Canadian self-storage physical occupancy hit 93% in 2023.
23
20% of U.S. self-storage units are 5x10 or smaller size.
24
Facility managers spend 40% time on administrative tasks without software.
25
Australia self-storage utilization rate averaged 90% in 2023.
26
U.S. self-storage mobile app usage for access grew 25% YoY 2023.
27
65% of facilities report peak season June-August for move-ins.
28
Average auctions per year per U.S. facility: 0.8 lien sales.
Interpretation
Operational Metrics Interpretation
The self-storage industry is a remarkably efficient, tech-embracing machine where Americans, in a perpetual dance of acquisition and reluctant purging, reliably fill vast, climate-controlled boxes at a 92% clip, all while being politely monitored and occasionally evicted by an average of just over three patient employees.
Reference
Cite This Report
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APA
Margot Villeneuve. (2026, February 13). Storage Facility Industry Statistics. Gitnux. https://gitnux.org/storage-facility-industry-statistics
MLA
Margot Villeneuve. "Storage Facility Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/storage-facility-industry-statistics.
Chicago
Margot Villeneuve. 2026. "Storage Facility Industry Statistics." Gitnux. https://gitnux.org/storage-facility-industry-statistics.
Sources & references
98 datasets cited across this report
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