The self-storage industry has experienced steady growth in recent years, making it an attractive investment for many. A key factor in increasing profitability and ensuring your self-storage business's success is measuring and improving occupancy rates.
Largest Self-Storage Companies
Some of the largest self-storage companies include Public Storage, Extra Space Storage, CubeSmart, and U-Haul Self-Storage. These companies have maintained high occupancy rates by offering competitive pricing, convenient locations, excellent customer service, and a wide range of unit sizes.
Self-Storage Industry Outlook: A Growing Market with Great Potential
Self-storage units have become an essential component of modern living, serving as the perfect solution to our ever-growing storage needs.
At the beginning of the COVID-19 pandemic, the demand for storage facilities increased considerably, leading to a decreasing vacancy rate of self-storage units. One of the main reasons for this demand spike is the ongoing need to optimize living space.