2014 Facts And Forecast, Self-Storage Numbers Look Strong

The Self Storage Association (SSA) has recently updated its statistics, facts and forecast for 2014. It has a total of 52,500 storage facilities across the country with a market value of 83.9%. We can also say that it has 2.3 billion square feet that are destined for rental space in the Self-Storage Industry.

This can be compared with 7.3 square feet of storage for every person in the U.S, or 21 square feet of storage for every household in the U.S. The properties that are used as facilities or spaces for rent can be compared with three times the space in Manhattan.

The number of households that need Self-Storage has increased since 1995. It has increased to 65% by 2012. This year looks really good for the growth of this industry. Furthermore, Self-Storage has been a growing segment of commercial real estate over the last 35 years. In the real estate recession of 2007-2009, this niche of commercial real estate in the Self-Storage facilities only lost 2% in comparison with other commercial real estate assets.

Self-Storage Industry roughly counts for about 172.000 employees, and these jobs generate about $3 billion in taxes.

By Karina Tama