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Self storage (a shorthand for "self-service storage") is an industry that rents storage space (such as rooms, lockers, shipping containers, and/or outdoor space), also known as "storage units," to tenants, usually on a short-term basis (often month-to-month). Self-storage tenants include businesses and individuals.
The units were rented for a similar price per square foot as apartments or office space, but cost 35 to 50 percent less to build and maintain. [6] [7] A property management subsidiary called Public Storage Management Inc. was formed in 1973. [7] [9] By 1974, 20 locations had been built. [7] [8]
As of March 28, 2024 the company owned and/or operated 3,714 locations in 43 states, and Washington, D.C. comprising approximately 2.6 million units 283.4 million square feet of net rentable space. [2] It is the largest owner of self storage units in the United States [3] and the largest self storage property manager. [4] [5]
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Historically, storage rooms in homes have often been narrow, dark and inconspicuous, and places on floors other than the main floors of the building, such as in a basement or an attic. A storage room can be lockable, and can be located in a housing unit or a common area , indoors or outdoors.
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