The self-storage industry has grown over 7% annually since 2012, earning an estimated $38 billion annually in rental sales. In the US, older people moving to warmer areas reduce their homes but keep their belongings in storage. There are over 50,000 self-storage facilities in the US, with one in 11 households using them. The industry reported $4 billion in revenue growth in 2017, with 800 new facilities expected to be built in 2018. The industry began in Odessa, Texas in 1964.
All over the world, people are hoarding more and more stuff, with nowhere to put it. So it should come as no surprise that the self-storage industry has exploded, growing more than 7% annually since 2012 and earning an estimated $38 billion annually in rental sales. In the United States, this trend can be partially attributed to older people fleeing the cold in the Midwest and Northeast and reducing themselves to smaller homes in warmer parts of the country. But instead of selling things they’ve had for years, they all go into storage.
You bought it, you keep it:
There are more than 50,000 self-storage facilities in the United States, charging an average of $91.14 USD per month. It is estimated that one in 11 American households have things stashed away in one of these units.
The U.S. self-storage industry reported $4 billion in revenue growth in 2017, and approximately 800 new facilities are expected to be built in 2018.
The birth of self-storage in the United States can be traced back to Odessa, Texas in 1964 when A-1 U-Store-It-U-Lock-It-U-Carry-the-Key began providing places for tankers where you can store your equipment.
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