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Discover original reporting and exclusive stories on the self storage and industry insights combining original data and industry insight.
Austin’s Self Storage Boom: One-Third Of City’s Inventory Built In Last Decade
Austin is expanding rapidly — and with it, so is the need for extra space. Over the past decade, the city’s self storage sector has been on a major growth spree, adding nearly a third of its total inventory in just 10 years. Today, Austin offers 10 million rentable square feet of self storage, or over seven square feet per person, aligning with the national benchmark.
The 6 Ds Of Self Storage Demand: Widespread Interest Puts The West In The Lead, While The South Comes In Second For Extra Space Needs
Life events continue to drive the U.S. self storage market, with moving, housing affordability, and economic shifts fueling sustained demand. Search interest in self storage has surged 88% since 2020, reaching a record 25 million annual searches in 2024.
Sustainable Construction Practices In Self Storage: 9 Key Items For Your Green Plan Checklist
With demand for extra space strong across the U.S., the self storage industry(opens in new tab) only knows one way — forward. As developers seek new ways to optimize business operations and reduce their impact on the built environment, sustainable construction practices have emerged as a top priority.
Amid Rising Demand, Philadelphia’s Self Storage Market Sees Record Growth Over The Past Decade
Philadelphia’s self storage market is primed for expansion. The city is currently underserved, offering roughly 6.64 million square feet of rentable storage space. This translates to about three square feet per person — less than half the national average — indicating a significant supply gap.
Florida’s Real Estate Market Revolutionized By AI
PropertyPulse.AI announces exclusive partnership with Florida’s leading real estate agency Fairlead Realty.
Greensboro Self Storage Market Still Going Strong, Experiences Street Rate Growth In The Midst Of A National Price Cool-Off
The self storage market in Greensboro, NC, is seeing price growth, albeit modest – 2% year-over-year – which translates to a current self storage rate of $94/month for a 10’x10’ non-climate-controlled unit. Greensboro joins of a group of cities that continue to see self storage price growth amidst a national slowdown.
Extra Space & Life Storage Create US’s Largest Storage Operator
On April 3, leading self storage sector players Extra Space Storage and Life Storage announced they will be combining to form the largest storage operator in the US by number of stores. In the $12.7 billion all-stock deal, the combined entity is being valued at about $36 billion. The context of this is a vibrant self storage sector, with 52.6M square feet of new storage space expected to be delivered in 2023 compared to 37.9M in 2022.
How To Attract Self Storage Customers Based On Generation
The self storage industry is experiencing a period of significant growth, both in terms of popularity and inventory. About 38% of Americans are self storage customers — meaning they currently use the service, have in the past or plan to in the near future. When looking at the sector’s inventory, the evolution is quite impressive as well: there are 1.6 billion square feet of storage space in the US at the moment, of which developers built 49 million square feet in 2021 alone and expect to add another 50 million square feet by the end of this year.
Public Storage Named 2022 Self Storage Sustainability Leader In The US
Public Storage, the largest self storage facility owner and operator in the U.S. has been named the leader in self storage sustainability according to the 2022 GRESB Real Estate Benchmark. The company’s score has increased to 80 out of a maximum of 100 points this year, gaining an “A” rating for public disclosure.
VanWest Acquires Two-Property Portfolio In Tulsa As Part Of $41M Fund III Program
VanWest Partners has acquired two properties for its Storage Fund III. The self storage acquisitions are located in Tulsa, Oklahoma, and consist of a 108,290 square foot facility located at 2141 S 92nd East Avenue in Tulsa and a 32,600 square foot facility at 8950 East Admiral Place. These two properties portfolio have a total of over 950 self storage and parking units.
Marketing Self Storage Is More Rewarding Now Than Ever Before
Because self storage provides many solutions for a wide range of challenges, the possibilities for marketing it are diverse and rather exciting. And it is a booming sector, so right now is a good time to consider new promotional ideas. If you are a self storage professional looking to market your business, you will appreciate the opportunities the industry currently offers to grow your talents.