Storage Industry by the Numbers

Storage Industry by the Number

• • Annual industry revenue: $39.5 billion
• • Number of storage facilities (range): 49,000+
• • Total rentable self-storage space: 1.9 billion square feet
• • Self-storage space per person: 5.9 square feet
• • Percentage of households that rent a self-storage unit: 10.6 percent
• • Average monthly cost for a self-storage unit: $89.12

There are an estimated 49,233 self-storage facilities in the US (2021)

Fragmented Ownership

Largest Self-Storage Operators by Annual Revenue

• • Public Storage: $2.68 billion (2019)
  • Extra Space Storage: $1.3 billion (2019)
  • CubeSmart: $643.9 million (2019)
  • Life Storage: $574.7 million (2018)
  • National Storage Affiliates Trust: $387.9 million (2019)
  • U-Haul: $367.3 million (fiscal 2019 self-storage revenue only)
  

Largest Self-Storage Operators by Number of Facilities:

• • Public Storage: 2,844
  • Extra Space Storage: 1,878
  • U-Haul: 1,778
  • CubeSmart: 1,261
  • National Storage Affiliates Trust: 948
  • Life Storage: 905

Average national cost by storage unit size.

10 Most in-demand cities for self-storage units:

Rank City, State Price Per Month

1 Las Vegas, NV $92.74

2 San Diego, CA $115.45

3 New York, NY $108.12

4 Houston, TX $64.53

5 Austin, TX $78.09

6 Phoenix, AZ $86.23

7 San Antonio, TX $75.95

8 Los Angeles, CA $153.37

9 Tucson, AZ $76.67

10 Colorado Springs, CO $76.21