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Mick Law, P.C. reports 2.3b square feet of self-storage space in U.S.
Real Estate - APRIL 30, 2018

Mick Law, P.C. reports 2.3b square feet of self-storage space in U.S.

by Andrea Zander

There are approximately 44,149 self-storage facilities in the nation totaling more than 21.3 million units, according to Mick Law, P.C.

In total, there are nearly 2.3 billion square feet of self-storage space, or approximately 7.06 rentable square feet of self-storage for every man, woman and child living in the United States.

The average self-storage property measures 52,352 square feet and contains 484 units. In comparison to historical standards, today’s self-storage facilities are larger and are equipped with a fewer number of storage units. This would indicate that developers are building a number of larger storage units within their projects and existing projects may be converting units to meet the demands of their customers.

 

 

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