U.S. Self Storage Industry Overview 2020
< Go back

What the U.S. Self Storage Industry Looks Like in 2020

Self Storage Industry Overview
2 months ago1 min read

Author : Shaharzade Sharjeel

Self-Storage Industry Overview - 2020

Did you know that there are 1.7 billion square feet of total rentable self-storage space in the United States? That translates to 5.4 square feet of storage space for every person in the country!

Given the increasing need for space, self-storage has had a tremendous amount of growth over the years. There are many advantages of investing in the self-storage sector, such as increased household penetration, strong population growth in the U.S., as well as the sector’s resilience compared to other asset classes. 

In this info-graphic, Big Byte Insights provides a brief industry overview of the self storage sector!

 


If you are interested in buying or developing a Self-Storage facility, please review our Self Storage Guide To Vetting Deals.


Comments