Updated 08/23/2017 This page contains statistics about the U.S. self-storage industry compiled by The SpareFoot Storage Beat. Statistics on this page will be updated as we receive new data. If you have data that you’d like to share or have a question about data on this page, please email editor@sparefoot.com. Largest self-storage operators (publicly traded) in the…
After a phenomenal run over the last few years, it appears the self-storage industry may be running out of steam for now. Public Storage, the industry’s largest player and a bellwether for the sector at large, saw revenue growth decelerate more than 40 percent during the first half of the year, compared to 2016. During…
Public Storage has purchased Derby Self Storage, a 64,100-square-foot self-storage facility at 2262 US-19 in Holiday, FL. The facility was built in 1999 and features more than 500 units. SkyView Advisors represented the seller, Aegis Storage LLC. “Our marketing process generated numerous strong offers from national and regional buyers, resulting in a high level of competition for…
A group of railroad history buffs are hoping to relocate a historic train station building in the Highland Park neighborhood of Chicago. Why? Because self-storage operator Simply Self-Storage plans to demolish the more than 90-year-old structure to make way for a three-story facility at 1495 and 1505 Old Deerfield Road. The North Shore Line Preservation hope to…
Manhattan-based Storage Deluxe purchased Storage Quarters, a 110,000-square-foot facility in Queens, for $27 million. Located at 31-40 Whitestone Expressway, the facility will be managed by CubeSmart. Storage Deluxe plans to renovate the existing facility and build a new 57,000-square-foot structure on site to create a 2,000 unit facility when completed. Southern Self Storage purchased the 48,580-square-foot self-storage facility…
Self-storage lender and investment firm Jernigan Capital continues to prime the pump for a number of storage projects in June, including $10.8 million for the construction of a 993-unit facility at 1835 Washington Boulevard in Baltimore, MD. The developer, an Annapolis-based 1834 Washington Self-Storage, expects to start construction in the third quarter of 2017 for a second…
Dahn Corporation purchased a portfolio of two facilities from Flordia Acorn Mini Storage for $20.25 million. Located at 1595 Port Malabar Boulevard in Palm Bay, FL and 3546 W. New Haven Avenue in Melbourne, FL, the facilities will be rebranded and managed by Mini U Storage. The facilities span 46,942 square feet (Palm Bay) and 108,155 square feet…
As editor of the SpareFoot Storage Beat, I’d like to take a quick moment to share some exciting news from SpareFoot. Every year, Inside Self Storage hosts a Best of Business contest for the best vendors in the storage industry. We’re humbled and excited to say that SpareFoot has won Best Online Directory six consecutive…
A proposed CubeSmart facility in the Humboldt Park section of Chicago, IL is set to replace the shuttered Playskool Manufacturing Company facility at 1750 N. Lawndale Avenue. The former factory churned out Lincoln Logs from the 1940s through the 1960s. Northbrook, IL-based developer Martin Taradejna leads the entity that bought the site recently for $2.2…
Venture capital continues to show its faith in the emerging on-demand storage market, with a group of investors recently making the largest investment in the space to date. On-demand storage provided Clutter announced today that it closed on a $64 million Series C round led by Atomico, which was joined by new investors GV (previously Google…
