Self Storage Units – Industry Analysis, Statistics, Trends, and Forecasts
See the following sections listed below to view available resources by category:
For guides to other industries, see our index of over 400 industries.
Industry Analysis, Statistics, Trends, and Forecasts
- Market size and major product and service segments
- Key industry statistics, trends, and financial ratios
- Operating conditions and current performance
- Competitive landscape and environment
- Major company profiles and market shares
- Five-year outlook and growth forecasts
MiniCo, Inc.
Self-Storage Almanac
https://www.ministoragemessenger.com/
Comprehensive annual reference guide provides detailed statistical data for the self-storage service sector, with topics addressed in the almanac including business overview, customer demographics, unit mix, unit rental rates, occupancy rates, facility management, manager compensation, valuation, investment analysis, bank financing, supply and demand analysis, and occupancy levels by state.
Informa USA, Inc.
Inside Self-Storage
https://www.insideselfstorage.com/
Monthly trade publication features news and information for self-storage facility owners and managers, with special features including the October "Top-Operators List" issue which ranks the top firms in the industry by total square footage and also includes information on top executive, type of firm, number of facilities, number of units, primary brand names, and locations by state and country for each company.
Self Storage Association (SSA)
Resources available from this organization include:
An Introduction to Self Storage
http://www.selfstorage.org/
Introductory whitepaper included in the SSA Public Library section provides an extensive overview of
the self-storage business, with topics covered in this publication including historical
perspective, real estate characteristics, unit rental rates, growth patterns, costs and operating expenses,
construction, financing, supply and demand, facility management, marketing techniques, and legal considerations.
SSA Globe Magazine
http://www.ssaglobe.org/
Monthly trade association magazine features news and information for the self-storage industry, with topics
covered in this publication including economic outlook, facility management, customer service, maintenance
and renovations, security systems, insurance, software and technology, industry trade shows and conferences,
and legislative updates. Digital issues of the magazine are available online.
Self Storage Demand Study
http://www.selfstorage.org/
Comprehensive research study provides in-depth information on who uses self-storage facilities, the reasons
why they do so, and for how long from both a consumer and business user standpoint, with detailed survey
data broken out by user group (e.g., temporary short-term renters, long-term renters, students, and military
renters) and geographic region (e.g., Northeast, South, Midwest, and West).
BizMiner
Market Analysis
https://www.bizminer.com
Market analysis report provides industry statistics for a user-defined area on a national, state, county, metro area, or zip code level, with data provided including number of companies, market volume and sales trends, average company sales, sales per employee, staffing and employment trends, average employee wage, and business start up activity and failure rates. Sample report can be viewed online.
For more industry research reports and other resources, see the following resource guide.
Financial Statements and Financial Ratios
Mini-Warehouses and Self-Storage Units
https://www.bizminer.com Search for "531130"
- Income and expenses in dollars and percentages
- Balance sheets in dollars and percentages
- Profitability and return on investment ratios
- Liquidity and working capital ratios
- Asset turnover and efficiency ratios
- Capital structure and debt service ratios
MiniCo, Inc.
Self-Storage Expense Guidebook
https://www.ministoragemessenger.com/
Annual guidebook provides operating expense ranges and averages for self-storage properties by geographic region, with expense categories covered in the guidebook including real estate taxes, insurance, on-site management, off-site management, repairs and maintenance, administrative expenses, advertising, utilities, credit card/bank charges, technology, and other office expenses.
Compensation and Salary Surveys
Institute of Real Estate Management
Profile and Compensation Study, CPM® Edition
https://www.irem.org/
IREM compensation study provides compensation and benefits information for commercial property managers based on education, level and type of real estate management experience, property types managed (e.g., office buildings, shopping centers, retail properties, medical buildings, warehouses, self-storage facilities, and industrial properties), number of sites managed, and geographic location.
Inside Self-Storage
Self-Storage Manager Compensation Survey
https://store.insideselfstorage.com/
Comprehensive survey provides salary, wage, bonus, and benefits information for individuals who provide day-to-day management of self-storage facilities, with salary and wage data broken out by age, gender, ethnicity, level of education, employment status, developed environment (e.g., urban, suburban, and rural), facility size (net rentable space and number of units), and geographic region.
PayScale, Inc.
Self-Storage Warehousing
https://www.payscale.com/
Free online service provides salary, bonus, and hourly wage rate data for job positions in this real estate sector such as general manager, property manager, facility manager, office manager, and facility rental clerk, with employers for which salary or hourly wage rate data is provided including Public Storage, Inc., Extra Space Storage, Inc., CubeSmart, and U-Haul International (Amerco).
Business Valuation Resources
Appraisal Institute
Self Storage Economics and Appraisal
R. Christian Sonne, Appraisal Institute, 2012
https://ai.appraisalinstitute.org/
Comprehensive appraisal guide examines the unique characteristics of this industry and discusses the data and tools needed to perform analyses of these properties, with topics covered in the guide including national trends, market area analysis, market demographics, operational trends, site and building analysis, and applying the cost, sales comparison, and income capitalization approaches.
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