For companies in the self-storage industry, your facility itself is probably one of your most significant assets. Unlike other industries that are considering going partly or wholly remote after the pandemic, the self storage industry will always need a large physical space to run its business. Therefore, it makes sense to continuously invest in the…
Glendale, CA-based Public Storage, the world’s largest owner of self-storage facilities, has struck a deal that will make it a little bit bigger. Public Storage announced that the company entered an agreement to buy 48 self-storage locations from Columbia, MD-based ezStorage for a total of $1.8 billion. Public Storage plans to fund the purchase with…
Stache, a company growing the sharing economy, is expanding its storage marketplace to Atlanta, Charlotte, Raleigh, and the Chapel Hill-Durham communities, building out its business in the Southeast region. Self-storage units are heavily used, with one in 10 American families renting space every year. Stache provides an alternative where people can share their excess space…
Studies have shown that a growing number of customers value the importance of sustainability when making purchasing decisions. According to a Nielsen survey, almost half of U.S shoppers are actually willing to alter their consumption habits if it helps the environment. This trend is especially important for self-storage companies across the United States. In particular,…
Storable, the parent company of SpareFoot, has acquired US Storage Search and its platforms, including Storage.com. Storable issued the following statement announcing the closing of the deal: Storable empowers storage owners through industry-leading technology in many ways, including generating rental reservations through our consumer marketplace, SpareFoot. Our ability to drive high quality reservations has just…
A topsy-turvy 2020 for the self-storage industry most definitely ended up on top in terms of rental prices for storage properties across the county. According to two industry research firms and other industry players, self-storage rental prices finished 2020 comfortably above price levels at the end of 2019, a highly unusual and unexpected year-end development…
Updated 1/27/2021 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. Self-storage sector snapshot Average monthly…
Janus International Group, a leading maker of doors and access controls for self-storage facilities and other structures, is joining the small club of publicly traded companies in the self-storage industry. Membership in that club should help propel Janus toward its target of $1 billion in annual sales. Annual sales at Janus reached roughly $550 million…
National solar developer, Pivot Energy, recently announced its collaboration with Extra Space Storage to install 65 rooftop solar systems on storage buildings across eight states, including Alabama, Colorado, Florida, Georgia, Illinois, Indiana, Michigan, and Tennessee. The portfolio totals 5.5 megawatts of emission-free and reliable energy, producing enough electricity to power nearly 1,000 homes for an entire year. The portfolio is estimated to save Extra…
Blackstone Group’s $1.2 billion purchase of Simply Self Storage has helped open the acquisition floodgates. Self-storage specialist Marc Boorstein, principal of Chicago-based real estate brokerage and investment firm MJ Partners Real Estate Services, said that after Blackstone announced the Simply Self Storage acquisition in October, he heard from self-storage REIT executives who told him: “We’ve…
