{"id":4780,"date":"2019-12-18T13:24:22","date_gmt":"2019-12-18T20:24:22","guid":{"rendered":"https:\/\/blog.neighbor.com\/storage-blog\/?p=4780"},"modified":"2025-11-10T16:24:58","modified_gmt":"2025-11-10T23:24:58","slug":"self-storage-industry-statistics","status":"publish","type":"post","link":"https:\/\/www.neighbor.com\/storage-blog\/self-storage-industry-statistics\/","title":{"rendered":"Self Storage Industry Statistics (2024)"},"content":{"rendered":"\n

Neighbor<\/a>, the leading self storage and parking marketplace in the United States, has researched and compiled the following U.S. self storage industry statistics and data. This yearly resource will be updated as new data becomes available and is intended to serve as the ultimate guide to self storage statistics.<\/p>\n\n\n\n

Last Updated: Oct 2024<\/strong><\/p>\n\n\n\n

Contents:<\/em><\/p>\n\n\n\n

    \n
  1. Industry Snapshot<\/a><\/em><\/li>\n\n\n\n
  2. Supply Statistics<\/a> – Construction, inventory, square footage, etc.<\/em><\/li>\n\n\n\n
  3. Demand Statistics<\/a> – Occupancy, pricing, seasonality, duration, etc.<\/em><\/li>\n\n\n\n
  4. Industry Statistics<\/a> – Revenue, financials, performance, etc.<\/em><\/a><\/li>\n\n\n\n
  5. Sources<\/a><\/em><\/li>\n<\/ol>\n\n\n\n

    Self Storage Industry Snapshot<\/h2>\n\n\n\n
    Industry revenue<\/strong><\/td>$58.3 billion<\/td><\/tr>
    Construction spend<\/strong><\/td>$7.4 billion<\/td><\/tr>
    Facility average occupancy<\/strong><\/td>91.6%<\/td><\/tr>
    Facility count<\/strong><\/td>52,301<\/td><\/tr>
    Share of renting households<\/strong><\/td>11.1%<\/td><\/tr>
    Rentable square footage<\/strong><\/td>2.1 billion sq. ft.<\/td><\/tr>
    Average storage unit price<\/strong><\/td>$114.51\/month<\/td><\/tr>
    Average rental duration<\/strong><\/td>14 months<\/td><\/tr>
    Profit margin<\/strong><\/td>36%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
    \n \r\n
    \r\n
    \r\n

    How Neighbor is changing storage<\/h2>\r\n <\/header>\r\n
    \r\n
    \r\n
    \r\n \r\n <\/path>\r\n <\/svg>\r\n <\/div>\r\n

    Transparent monthly savings<\/h3>\r\n

    Renters save 30-50% on self storage, on average. No rate hikes.<\/p>\r\n <\/div>\r\n

    \r\n
    \r\n \r\n <\/path>\r\n <\/svg>\r\n <\/div>\r\n

    Keep your items nearby<\/h3>\r\n

    Hosts in your neighborhood means that your things are always close by.<\/p>\r\n <\/div>\r\n

    \r\n
    \r\n \r\n <\/path>\r\n <\/svg>\r\n <\/div>\r\n

    Storage made simple<\/h3>\r\n

    Don't settle for stone age tech and long contracts. Neighbor makes it easy.<\/p>\r\n <\/div>\r\n <\/section>\r\n