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It is the largest brand of self-storage services in the US. [2] In 2008, it was the largest of four publicly traded storage REITs. [3] There are more than 2,200 Public Storage self-storage locations in the US, Canada and Europe. It also owns 42 percent of an office parks subsidiary, sells packing supplies, and provides other services.
Self storage (a shorthand for "self-service storage," and also known as "device storage") is an industry that rents storage space (such as rooms, lockers, 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.
CubeSmart is a real estate investment trust that invests in self storage facilities in the United States. As of December 31, 2022, it owned 611 self storage properties in 24 states and the District of Columbia containing 44.1 million rentable square feet. [1] It is the 3rd largest self storage company in the United States.
Since then, StorageMart has continued to grow, and as of 2021, operates more than 250 locations across the United States, Canada, and the U.K., making up approximately 15,200,000 square feet of rentable space across over 134,000 units. StorageMart acquired Manhattan Mini Storage in 2021, making it the largest private self storage REIT in the world.
Simply Self Storage is a privately owned self-storage company in the United States. It has more than 100 operating self-storage facilities with over 8 million square feet of storage space combined. It has more than 100 operating self-storage facilities with over 8 million square feet of storage space combined.
In 2016, an investment fund sponsored by Brookfield Corporation acquired Simply Self Storage, an owner/operator of 90 self-storage facilities in the U.S. totaling 6.8 million square feet, for $829 million. [58] It was sold to funds managed by The Blackstone Group in 2020 for $1.2 billion. [59]
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]
As major cities run short of living space, self-storage boxes are now becoming a relevant service in many parts of the world. The service is particularly attractive to clients because its pick-up services save time and effort for the inhabitants of metropolitan areas such as Hong Kong, New York City, [8] London, [citation needed] and Berlin, but in particular in the Asian world.
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