Read the Top 10 Self-Storage Industry facts we thought are most interesting to share! Let’s jump right in:
–1– There are approx. 59,000 self-storage facilities worldwide, with 53,000 in the U.S., 2,700+ in Europe, and roughly 3,300 in other Asian countries such as Japan, China, Singapore, Malaysia, Korea, etc.
–2– Self-storage locations are reported in 6 of the 7 continents (none in Antarctica yet)
–3– The self-storage industry started seeing facilities in the U.S. in the 1960s, in Australia in the 1970s, in Europe in the 1980s, and in Asia only since the 2000s
–4– The average rental period for self-storage renters is 15 month
–5– The four main drivers of self-storage are called the 4Ds: Density (cities becoming more and more expensive), Dislocation (families moving, ..), Divorce (where to temporarily store your belongings, ..), Death (inherited valuables, ..)
–6– In 2015, 90% of self-storage units in the U.S. were occupied, leaving only 10% vacant
–7– Approx. 10% of American households rent a self-storage unit
–8– Most popular renters are individuals or families, companies, embassies and consulates
–9– 52% of the self-storage facilities are located in the suburbs, 32% in cities, 16% in rural areas
–10– There are generally four self-storage types:
- “Traditional” – you drop-off, lock and pick-up your valuables yourself
- “Pod” – the company sends you and later picks up a storage box, called a ‘pod’
- “Valet” – the company comes to your home, helps you pack and stores it for you
- “Unmanned” – the company only provides the facility, without any surveillance or service
(our facility in Hanoi is a traditionally-managed self-storage facility).
It might interest you that KingKho is actually Vietnam’s first self-storage provider to join the SSAA, Asia’s Self-Storage Association and leading industry body for the storage industry.
We hope you like the list – let us know if you know of any fact we should share here as well!