You know what’s really hot right now?

You guessed it… the self-storage industry!

We were driving down the freeway just the other day and heard a pretty cool news story that caught our attention. It quotes statistics about how investing in self-storage facilities is a “new” trend. We smiled.

Maybe we were way ahead of the curve.
Hey, what can we say? Self-storage is a topic we really love to talk about. Don’t believe us? Check out our YouTube channel!

Here is just one of several videos you’ll find there that we did to educate you on what we do and why we enjoy what we do in self-storage!

This is the 7th video in a 12 Day series we recently did and that we hope you enjoy. (Maybe you received them from us in your email.)
We love this space of investing so much that we thought you’d like to learn some neat statistics.
According to the Self Storage Association (SSA), the industry in the U.S. generated $27.2 Billion (yes, with a “B”) in annual revenues in 2014.

Those number have steadily climbed over the past two years, too! One reason the Association cites for this growth is that self-storage is recession-resistant.

This isn’t news to us actually. In fact, we did a video on that topic, too! Take a look:

This video is also part of that cool 12-piece series!

Here’s more info you need to know…

We wanted to learn more about our industry, so we dug around and found a press release put out by the Association.

Here are some interesting facts that show you clearly that investing in self-storage facilities is an excellent idea:

• The self-storage industry has been one of the fastest-growing sectors of the United States commercial real estate industry over the period of the last 40 years

• There are now over 48,500 “primary” self-storage facilities in the United States as of year-end 2014; another 4,000 are “secondary” facilities.

• The distribution of U.S. self-storage facilities (Q2-2015) is as follows: 32% urban, 52% suburban and 16% rural.

•The average revenue per square foot varies from facility to facility; however, here are the data for Q2 2015: $1.25 PSF for a non-climate controlled 10 x 10 unit and $1.60 PSF for a climate controlled 10 x 10 unit.

• Occupancy rates for self-storage facilities as of Q2-2015 were 90% (percentage of units rented per facility) up from 86.8% at year-end 2013. Achieving 85% or greater occupancy is considered “full” in this industry (there is a massive undersupply of storage space nationwide.)

• Of over 10,000 facilities surveyed, 18.7% offer Boat / RV parking and/or storage; of over 10,000 facilities surveyed, 31% offer truck rental.

• About 13% of all self-storage renters say they will rent for less than 3 months; 18% for 3-6 months; 18% for 7-12 months; 22% for 1-2 years; and 30% for more than 2 years.

• 68% of all self-storage renters live in a single-family household; 27% live in an apartment or condo. 65% have a garage but still rent a unit; 47% have an attic in their home; and 33% have a basement.

• 47% of all self-storage renters have an annual household income of less than $50,000 per year; 63% have an annual household income of less than $75,000 per year.

• More than 1.5 million self-storage units nationwide are rented to military personnel (6% of all units); however, in communities adjacent to domestic US military bases, military occupancy can be from 20% to 95% of all rented units. (Hey, this is a really big clue… several of our Capital Storage Fund properties are near military bases!)

• It took the self-storage industry more than 25 years to build its first billion square feet of space; it added the second billion square feet in just 8 years (1998-2005).

• 83.9% of all US counties (or 2,634 out of 3,141) have at least one “primary” self-storage facility.

• 95.4 percent of current SSA direct members say YES! They would recommend SSA membership to other self-storage owner-operators.

Up or down, self-storage rocks!

The interesting thing is that we are only sharing about half the fun facts the report revealed.

The long and short of it is that self-storage facilities are needed in up economies and down economies. When people go through hard times and end up moving or downsizing, they need storage!

If you were to take a random poll of people on the street, chances are pretty good that most will say they’ve used or will have to use a self-storage facility at some point and for a variety of reasons.

So… are you convinced yet that you should seriously look at investing in self-storage in 2017?!
If you are shaking your head, why not take one simple action step right now?

Give us a call or shoot us an email. Our information is everywhere on this site. We’d love to hear from you.
Let’s schedule a call so you can ask us all your tough questions about getting involved in the exciting and extremely profitable world of self-storage!! (Also be sure to friend and follow us everywhere on social media. You’ll find links on the site, too.)
And if you’re ready to learn exactly how to invest in self-storage and how to run the best facility you can, why not grab this right now… It tells you exactly how to find the best storage facilities! (That’s your real first step.)