Storage & Warehouse Leasing in the US - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

Locked away: Major population centers will further become saturated as operators expand their footprint, leading to higher price competition

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. No wonder industry revenue grew at a CAGR of 2.1% to $29.2 billion over the past five years. This includes a slight 0.3% decline in 2023 alone due to a drop in consumer confidence, a result of the recent record-high inflation rates.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.