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.
To read the full report, click here.