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The U.S. self-storage industry is highly fragmented, with 64.6% of all facilities run by small, mom-and-pop operators.
In 2023, regional banks accounted for 85% of all lending for self-storage projects in the United States.
City councils in states including Florida, Georgia, New York, and Idaho have passed various bans and moratoriums on new self-storage construction.
In 2021, the entire Roaring Fork Valley in Colorado, from Glenwood Springs to Aspen, completely ran out of available self-storage capacity.
As of 2024, there are 52,301 self-storage facilities in the United States, more than the combined number of Subway, Starbucks, and McDonald's locations.
The national occupancy rate for self-storage facilities in the U.S. is estimated to be around or just under 90%, a slight decrease from pandemic-era highs.
The United States has approximately 6 square feet of self-storage space per person, significantly more than Britain's 0.9 square feet per person.
In the U.S. self-storage market, publicly traded operators run 22.5% of facilities by count, while other top 100 operators run 12.9%.
The construction cost for self-storage facilities typically ranges from $30 to $70 per square foot.
The self-storage industry is considered non-cyclical because its demand is primarily driven by life events such as divorce, death, downsizing, and disaster, rather than economic cycles.
Self-storage operators commonly increase rental rates by 5% to 15% annually for existing customers to recoup initial promotional offers.
In 2018, the city of Denver, Colorado, implemented a zoning map with buffer zones to prohibit the development of new self-storage facilities in certain areas.