To understand the industry’s current landscape, we must first acknowledge its not so glamorous origins.
As found in the Self-Storage Association’s approximately 64% of people who used self storage had access to a garage to store extra items.
Yet, those people – representing over 10.8 Million households – decided to keep their items in a storage facility.
Typically, these are the types of properties that evoke memories of your first drive-by encounter.
For the most part, these facilities are the ones with row buildings offering non-climate storage, and these sites don’t generally have multi-level buildings.