Self Storage Market Size & Statistics (2023)
Global market size (2023)
$$59.3B
Forecast CAGR → 2030
5.3%%
to $$85.2B
Total addressable market
$70B. The total addressable market includes all potential customers requiring temporary storage solutions, encompassing residential, commercial, and student populations who could utilize self-storage facilities at various points in their lives or business cycles.
Calculate your TAM/SAM/SOM →Key statistics
Over 50,000
Number of self-storage facilities in the US
Source: Self Storage Association (SSA)
$1.40
Revenue per square foot (average US)
Source: IBISWorld
$100-$150/month
Average rental rate for a 10x10 non-climate controlled unit (US)
Source: Statista
Approximately 9%
Percentage of US households utilizing self-storage annually
Source: Self Storage Association (SSA)
Over 80%
Global self-storage market share by North America
Source: Grand View Research
Around 90%
Occupancy rate (average US)
Source: Radius+ Insights
4.5% annually
Projected growth in number of self-storage units (2023-2030)
Source: Mordor Intelligence
Over 40%
Percentage of self-storage customers who use it for decluttering/downsizing
Source: SSA Demographics Survey
Increased demand for inventory warehousing
Impact of e-commerce on commercial self-storage demand
Source: CBRE Research
Market segments
%
Non-Climate Controlled Units
%
Climate-Controlled Units
%
Vehicle Storage
%
Portable Storage Units
%
Business Storage
Demand trend
→ Stable
Search interest in "self storage market size" is flat (0% over the trailing 12 months of Google Ads keyword data).
Growth drivers
- Increased urbanization and smaller living spaces lead to greater demand for external storage solutions.
- Life transitions such as moving, divorce, downsizing, or inheriting property often necessitate temporary or long-term storage.
- Growth in e-commerce and home-based businesses drives demand for commercial self-storage for inventory and equipment.
Risks
- Economic downturns can reduce discretionary spending, impacting self-storage demand and leading to higher vacancy rates.
- Oversupply in specific local markets due to rapid construction can lead to price wars and lower profitability.
- Rising interest rates increase financing costs for new self-storage developments and impact property valuations, potentially slowing sector growth.
Frequently asked questions
What is the current global market size of the self-storage industry?
The global self-storage market was valued at approximately $59.3 billion in 2023.
What is the projected growth rate for the self-storage market?
The market is projected to grow at a Compound Annual Growth Rate (CAGR) of 5.3% from 2023 to 2030.
What will be the market size by 2030?
By 2030, the global self-storage market is expected to reach approximately $85.2 billion.
Which region dominates the self-storage market?
North America, particularly the US, dominates the global self-storage market, accounting for over 80% of total revenue.
What are the primary factors driving growth in the self-storage market?
Key growth drivers include urbanization leading to smaller living spaces, life transitions such as moving and downsizing, and the expansion of e-commerce requiring inventory storage for businesses.
Figures are informed estimates synthesized from public industry sources (market research firms, trade associations, government statistics) combined with real search-demand data. They are directional, not audited — actual market size and growth vary by definition and methodology across research firms. Updated July 2026.
Updated 2026-07-03T09:29:28.587Z · Sources: Self Storage Association (SSA) Industry Fact Sheet, Grand View Research: Self Storage Market Size, Share & Trends Analysis Report, IBISWorld Industry Report 53113: Self-Storage Facilities in the US, Mordor Intelligence: Self-Storage Market - Growth, Trends, COVID-19 Impact, and Forecasts (2024-2029), Statista: Revenue of the global self-storage industry from 2018 to 2027
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