Storage & Warehouse Leasing in the US - Industry Market Research Report

Storage & Warehouse Leasing in the US - Industry Market Research Report

  • April 2021 •
  • 53 pages •
  • Report ID: 168025 •
  • Format: PDF
Safe and sound: Rental rates will likely drop as operators keep prices low to draw in business

Abstract

Storage & Warehouse Leasing in the US
The Storage and Warehouse Leasing industry primarily rents out and leases space for self-storage to individuals and businesses. Since self-storage facilities emerged in the 1960s, the industry has been one of the fastest-growing sectors of commercial real estate. Since it can benefit from both economic upturns and downturns, the industry has performed well, even as macroeconomic indicators have fluctuated. Over the five years to 2019, the industry has benefited from increases in disposable income and declines in rental vacancy rates. Furthermore, industry operators generally have low overhead costs, limited staff, few utilities and low maintenance costs, all of which contribute to a substantial profit margin. Additionally, operators with multiple locations benefit from lower per-unit fixed costs, as centralized resources can be used to manage and market more space. Overall, industry revenue has increased during the current period. Over the five years to 2024, industry revenue is forecast to continue to expand, as the industry will likely continue to reap the benefits of an improving economy.

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.
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