Storage unit rental rates appear to have plateaued, staying flat for the fourth year in a row according to new data released by SpareFoot. The average price of a storage unit in Texas has hovered around $84 per month since 2014. Read more about Texas’ self-storage statistics here. In 2010, the average price of a…
Updated 10/20/2017 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…
Wisconsin-based Benchmark Secured Storage of Hartland LLC is ready to build a 47,000 square-foot self-storage facility in Hartland, WI near Milwaukee. Managing members Doug Hafemann and Aaron Kahle are building the facility to meet an unmet market need, according to BizTimes. Their company is raising $1.2 million from investors to construct the facility according to…
Birmingham, AL-based Merchant Retail Partners have wrapped construction on its newest facility, a 90,000-square-foot mixed-use project at 312 North Gay Street in Auburn, AL. The facility, operating under the name Stor-Eagle, is located next to the Auburn University Campus. The facility includes a retail component featuring a Pilates studio, Neighborhood Barre and a restaurant coming…
Storage unit rental rates in Arizona continue to grow in 2017, the third straight year of growth, according to our new report. The average monthly rent for a storage unit in Arizona has grown 15% since 2013. View the full data here. While prices dipped slightly from 2011 to 2012, a surplus of storage space…
The principal of Ft. Lauderdale-based Wheat Capital Management, Daniel Joseph Touizer, was arrested this week for allegedly bilking 150 investors out of $19 million. The company is developing a trio of self-storage facilities in Margate, Pembroke Pines and Miami, that are scheduled for completion in 2018. The company had plans to build 10 to 12 facilities…
After this year you might start calling the Big D the Big S—as in self-storage. The Dallas-Ft. Worth metro area has more than 9 million square feet of storage space under development, according to a new report released by Argus Self Storage. The increase in storage space amounts to a more than 16 percent increase…
After just over a year of development, a Beverly Hills, CA-based developer has completed work on Hawaii’s newest self-storage development. Not only is it the newest, but the 53,000-rentable-square-foot facility at 94-130 Leokane Street in Waipahu is also one of the first conversions of an existing property to self-storage on the island, according to broker Stephen…
Storage unit rental rates continue to skyrocket for the third year in a row, according to our new report. The average monthly rent for a storage unit in California has climbed more than 26% since 2014. View the full data here. The average monthly rental rate of a storage unit in California reached $114 in 2017,…
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…
