$23.6bn
$XX.Xbn
197k
172k
$X.Xbn
The Storage and Warehouse Leasing industry rents out and leases space for self-storage to individuals and businesses. This industry has been one of the fastest-growing sectors of commercial real estate since its inception in the 1960s. This industry is in a unique position in that it generally thrives even during poor economic conditions. For example, as people gain more disposable income, they purchase more things that then need Storage. On the other hand, a recession will force businesses to close their doors and people to downsize, creating demand for Storage of old inventory or possessions during a move.
Industry revenue has declined at a CAGR of 2.6 % over the past five years, to reach an estimated $23.6bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Public Storage | 4,483.6 | 2,998.3 | 66.9 | |
Extra Space Storage Inc. | 4,063.8 | 1,173.0 | 28.9 | |
CubeSmart | 1,071.2 | 747.6 | 69.8 |
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Industry revenue is measured across several distinct product and services lines, including Other, Five-by-five-foot storage spaces and Five-by-10-foot storage spaces. Other is the largest segment of the Storage & Warehouse Leasing in the US.
10-by-10 and 10-by-15-foot spaces are the most common and most popular storage
This industry primarily rents out or leases space for self-storage. These establishments provide secure space where customers can store and retrieve their belongings at their convenience. Industry storage units include rooms, compartments, lockers, containers and outdoor space.
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NAICS 53113 - Storage & Warehouse Leasing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
This industry is in a special position to prosper in both good and bad economic times. In a strong economy, consumers accumulate more material goods. On the other side, a rec...
Learn about an industry's products and services, markets and trends in international trade.
10-by-10 storage spaces are generally the most popular. They can store enough goods to fill two complete bedrooms or three rooms, which is equal to half of a typical one-car ...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Metropolitan areas offer a high demand for storage services. These areas are usually highly populated and have higher levels of income. Thus, people in these areas accrue ext...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Competition on security and security systems is intense as consumers are more likely to choose the safest, affordable facility.
Learn about the performance of the top companies in the industry.
Cubesmart has the largest market share. Boosted by its leading locations in major hubs such as New York City, CubeSmart is en route for sustainable long-term growth in the ma...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Economic downturns do not majorly affect this industry. In fact, consumers' need for industry services may slightly increase during these periods.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
The costs for operators in this industry vary on size and location. Smaller establishments require less maintenance, surveillance and staff, unlike their larger counterparts.
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Storage & Warehouse Leasing in the US industry in United States is $23.6bn in 2024.
There are 172k businesses in the Storage & Warehouse Leasing in the US industry in United States, which has grown at a CAGR of 0.4 % between 2019 and 2024.
The market size of the Storage & Warehouse Leasing in the US industry in United States has been declining at a CAGR of 2.6 % between 2019 and 2024.
Over the next five years, the Storage & Warehouse Leasing in the US industry in United States is expected to grow.
The biggest companies operating in the Storage & Warehouse Leasing market in United States are Public Storage, Extra Space Storage Inc. and CubeSmart
Leasing or rental of mini warehouses and self-storage units and Rental of self-storage warehousing are part of the Storage & Warehouse Leasing in the US industry.
The company holding the most market share in United States is Public Storage.
The level of competition is high and increasing in the Storage & Warehouse Leasing in the US industry in United States.