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At year-end 2019, there were 47,539 self-storage facilities in the United States on industrial and commercial land parcels. There is more than 1.9 billion square feet of available self-storage in space in U.S. The six largest publicly traded storage operators (four REITs, and U-Haul own or operate approximately 18% of self-storage facilities. [7]
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The units were rented for a similar price per square foot as apartments or office space, but cost 35 to 50 percent less to build and maintain. [5] [6] A property management subsidiary called Public Storage Management Inc. was formed in 1973. [6] [8] By 1974, 20 locations had been built. [6] [7]
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The location had space for 100 vehicles over seven floors, totaling 19,000 square feet. The same company opened a second location in 1902 for 230 vehicles. The company specialized in the sale, storage, valeting, and on-demand delivery of electric vehicles that could travel about 40 miles and had a top speed of 20 miles per hour.
Since then, StorageMart has continued to grow, and as of 2021, operates more than 250 locations across the United States, Canada, and the U.K., making up approximately 15,200,000 square feet of rentable space across over 134,000 units. StorageMart acquired Manhattan Mini Storage in 2021, making it the largest private self storage REIT in the world.
CubeSmart. CubeSmart is a real estate investment trust that invests in self storage facilities in the United States. As of December 31, 2022, it owned 611 self storage properties in 24 states and the District of Columbia containing 44.1 million rentable square feet. [1] It is the 3rd largest self storage company in the United States.
The average cost to build a house is $150 per square foot, but can cost upwards of $500 in larger cities like New York City or San Francisco. "The size and type of house you choose to build will ...
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