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Self-storage businesses lease a variety of unit sizes to residential and business customer/tenants. Popular unit sizes (with width shown first and depth shown second) include: 5 ft × 5 ft (1.5 m × 1.5 m), about the size of a large Telephone booth; 5 ft × 10 ft (1.5 m × 3.0 m), about the size of a large walk-in closet, 10 ft × 10 ft (3.0 m ...
As prices for the small storage bins range between $5 and $10 per unit, they are increasingly becoming a popular storage option in both consumer and commercial applications. [6] Bloomberg News cites the dramatic increase in demand over supply as being the primary reason for the bin storage option becoming so popular in cities like New York.
Storage Equities was founded by Public Storage in 1980 [17] to purchase self-storage facilities. [9] It was one of 17 self-storage REITs that Public Storage held an interest in. [18] Between 1992 and 1995, Storage Equities paid Public Storage $31 million in management and consulting fees. [6]
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