Self Storage Facility Management Software Statistics 2025

In the dynamic world of self-storage, effective management can be the difference between success and stagnation. As we move into 2025, self-storage facility management software has become a cornerstone of operational excellence, offering unprecedented insights and efficiencies. The significance of analyzing the latest statistics on this software cannot be overstated; understanding these figures is crucial for grasping the broader business landscape in which self-storage operators navigate. Insightful data illuminates trends, identifies potential growth areas, and highlights the crucial elements that can streamline processes and enhance customer satisfaction.

The relevance of these statistics extends far beyond mere numbers, shaping the decisions of a diverse array of key stakeholders. Facility owners, investors, and software developers stand to gain immensely from understanding these metrics. For owners and managers, the data can inform investment in technology that maximizes efficiency and profitability. Investors can pinpoint emerging opportunities and assess their risks more accurately. Meanwhile, software developers can tailor their solutions to meet evolving market demands, creating products that anticipate and solve the industry’s pressing challenges.

As the self-storage industry continues to evolve at a rapid pace, leveraging accurate and current data becomes a strategic imperative. Decision-makers equipped with the latest statistics on facility management software can craft informed strategies, ensuring they stay ahead in a competitive market. By diving into this comprehensive analysis, readers will gain a powerful toolset for navigating the complexities and seizing the opportunities that 2025 brings to the self-storage sector.

Check our review: Best LLC Service, LegalZoom LLC Reviews, ZenBusiness Reviews, NorthWest Registered Agent Reviews

Top Self Storage Facility Management Software Statistics 2025

☰ Use “CTRL+F” to quickly find Self Storage Facility Management Software facts. There are total 69 Self Storage Facility Management Software Statistics on this page 🙂

General Industry Statistics

• The self-storage industry boasts a 96.5 percent average occupancy rate, revealing a strong and consistent demand for storage space. ^[?]
• Self-storage has been one of the fastest-growing industries in commercial real estate for nearly 40 years. ^[1]
• The annual revenue for self-storage in 2025 is estimated to be $44.33 billion. ^[1]
• The average rental cost per square foot in the U.S. is $1.16. ^[1]
• The national average monthly cost to rent a self-storage unit (of all sizes) is $108.18. ^[1]
• The average available self-storage space per person is 5.9 square feet. ^[1]
• The self-storage market is forecast to be worth over $72 billion by 2029. ^[1]
• The average size of a rented self-storage unit is approximately 100 square feet. ^[14]
• The U.S. national average cost of a storage unit in 2020 was $89.12 per month. ^[8]
• The national average cost per square foot is $0.91 per month. ^[8]
• The average rental duration of a storage unit is approximately 14 months. ^[8]
• The self-storage industry’s annual revenue in 2019 was $39.5 billion USD. ^[8]
• The global self-storage market size was valued at $37.33 billion in 2018 and is expected to reach $49.24 billion by 2025. ^[14]
• The U.S. dominates the market accounting for 90 percent of self-storage inventory worldwide. ^[13]
• The global self-storage market is expected to reach $64.71 billion by 2026. ^[23]
• The self-storage market size in terms of lettable area is expected to grow from 2.47 billion square feet in 2024 to 2.95 billion square feet by 2029. ^[24]
• The global self-storage market was valued at USD 48.02 billion in 2020 and is expected to reach a value of USD 64.71 billion by 2026, registering a CAGR of 5.45%. ^[11]
• The self-storage market size is expected to reach USD $83.6 billion in 2027 compared to USD $58.3 billion in 2023. ^[15]
• The global market for self-storage units is estimated to be more than $58 billion. ^[19]
• The self-storage market is projected to hit $83.6 billion, led by North America’s significant contribution and the Asia Pacific region’s fastest growth rate. ^[15]
• The overall market size of the self-storage industry was predicted to reach $58.26 billion in 2023 and grow at a CAGR of 7.5% to reach $89.94 billion by 2030. ^[21]
• The global self-storage industry is anticipated to grow at a CAGR of 132% from 2021 to 2026. ^[23]

Impact Of Covid-19

• Since the beginning of the pandemic in 2020, self-storage has been an affordable alternative for many people and businesses to keep their assets secure. ^[1]
• During the 2020 COVID-19 outbreak, storage facilities maintained business as many people transitioned to remote work and businesses reduced office space for social distancing protocols. ^[1]
• The COVID-19 pandemic significantly impacted the market growth, leading to increased demand for cloud storage and data center services. ^[18]
• Responding to the COVID-19 pandemic, contactless rentals have become a distinguished trend in the self-storage industry. ^[12]
• The effects of COVID-19 caused a lot of businesses and industries to adapt in a variety of ways. ^[6]

Check our llc formation guides: Florida LLC, California LLC, Texas LLC, New York LLC, New Jersey LLC, Illinois LLC

Key Players And Market Dynamics

• The top three leading self-storage real estate investment trusts (REITs) in the U.S. are Public Storage (PSA), Extra Space Storage, Inc. (EXR), and Life Storage, Inc. (LSI). ^[1]
• Public Storage announced that the company had completed the acquisition of Simply Self Storage from Blackstone Real Estate Income Trust Inc. for USD 2.2 billion. ^[3]
• Extra Space Storage Inc. introduced a tenant insurance offering, the Savvy Storage Insurance Program (Savvy), to serve the self-storage industry. ^[3]
• In March 2023, Extra Space Storage completed the largest self-storage transaction in history by acquiring Life Storage for $12.7 billion. ^[16]
• Public Storage became the world’s largest self-storage company when they acquired Shurgard Self-Storage in 2006. ^[17]
• U-Haul, started in 1945, quickly became North America’s largest do-it-yourself moving company. ^[17]

Technology And Innovation

• As more stakeholders push for sustainability and environmental awareness, an increasing number of storage warehouses have adopted energy-efficient building equipment and technological upgrades. ^[1]
• The surge in construction activity towards the end of 2023 has led to a 10.9% increase in the near-term forecast for 2025 and a 12.5% increase for 2025. ^[10]
• Modern options range from small 5×5 lockers to huge spaces for vehicles or industrial equipment. ^[4]
• Self-storage software will play a crucial role in streamlining facility operations and enhancing the tenant experience in 2025. ^[9]
• Increasing use of technologies such as smart locks and access control systems is expected in 2025. ^[9]

Employment And Economic Impact

• Self-storage facilities in the U.S. employ over 170,000 people. ^[1]
• In 2022, the U.S. public storage and warehousing market employed more than 311,000 people. ^[1]
• Over 150,000 Americans are employed in the self-storage industry. ^[8]
• The number of people utilizing self-storage increased to 14.5 million in 2022, up by 970,000 since 2020. ^[2]
• The storage unit industry in the U.S. is made up of nearly 1.7 million units. ^[14]
• In 2021, the estimated revenue of the self-storage services industry in the U.S. was approximately $39.5 billion. ^[14]

Consumer Trends And Preferences

• StorageCafe surveyed storage renters in 2023, 2022, and 2021, finding that demand for storage is still changing, along with the people who use it. ^[4]
• Approximately 65% of all self-storage renters have a garage in their home, but still choose to rent a unit. ^[14]
• About 25% of storage unit renters use their space to store family heirlooms. ^[14]
• Almost 10% of households in the United States are currently renting a self-storage unit. ^[8]
• Survey results point to furniture as the type of item most commonly kept in self-storage units, with 43% of respondents stowing pieces that don’t fit in their current homes. ^[20]

Regional And Global Insights

• Texas has the highest number of self-storage facilities, with over 5,400 units statewide. ^[22]
• California has the second-highest number of self-storage facilities, with close to 5,000 units statewide. ^[22]
• Dallas-Fort Worth-Arlington, Texas, had the largest existing inventory of self-storage space in the U.S. ^[6]
• In Europe, there are approximately 4,350 self-storage facilities offering 102.4 million square feet of storage space. ^[23]
• The European self-storage market has been seeing annual growth rates of around 5-7% in recent years. ^[23]

Financial And Investment Data

• Self-storage REITs have significantly outperformed other investment classes in the last five years with an average 5-year growth of 68%. ^[8]
• Public Storage (PSA) topped the list of public storage operators with quarterly revenue of over $2.8 billion USD in Q3 2019. ^[8]
• Self-storage continues to show resiliency as valuations remain intact, averaging $165 per square foot (psf). ^[7]
• The national average self-storage occupancy rate in 2018 was 91.7%. ^[8]
• Over the past decade, the self-storage industry’s annual growth rate was approximately 134% globally. ^[22]

Development And Construction Trends

• Over the last five years, there has been 255.5 million square feet of storage space built, equivalent to 16% of the total inventory. ^[6]
• The market has jumped about 30% over four years, and we continue to see growth. ^[6]
• Low interest rates throughout 2020 and 2021 are another reason the industry has been booming. ^[6]
• The estimated number of storage facilities in the U.S. is 50,523. ^[8]
• New York, N.Y.-Newark, N.J.-Jersey City, N.J., had the most self-storage construction in 2021 with 2.6 million square feet completed. ^[6]

Occupancy And Rental Rates

• The average rental prices for storage units across the country showed slight improvements in April compared to the previous month, aligning with usual seasonal trends. ^[5]
• The overall rates for all unit sizes combined rose by $1 to reach $141. ^[5]
• The rates for standard-size 10×10 units, including non-climate and climate-controlled units, remained unchanged. ^[5]
• The average monthly cost for a self-storage unit in the U.S. is about $88.85. ^[22]
• The average monthly cost for millennials to rent a self-storage unit in the United States is approximately $90. ^[21]

Also Read