Storing up: Low rental vacancies have paved the way for high demand for storage units

The Storage and Warehouse Leasing industry primarily rents 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 2018, the industry has benefited from increases in disposable income and declines in rental vacancy rates. Over the five years to 2023, the industry will continue to reap the benefits of an improving economy...purchase to read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies

Industry Threats & Opportunities

  • Industry operators generally have low overhead costs, limited staff, few utilities and low maintenance costs
  • Robust employment and strong consumer spending have propelled industry growth
  • The industry will both benefit and suffer from rising demand
  • Industry Report - Industry SWOT Analysis Chapter

    The Storage and Warehouse Leasing industry is in the mature phase of its life cycle. The industry exhibits several characteristics of a mature industry, such as consolidation activity and clearly defined downstream markets. Over the 10 years to 2023, the industry's contribution to the overall economy, measured by industry value added (IVA), is expected to increase at an annualized rate of 2.4%. Comparatively, US GDP is forecast to expand at an annualized rate of 2.2% during the same 10-year period. IVA growth similar to that of the broader national economy is a defining characteristic of industries in the mature life cycle stage. The industry is experiencing some consolidation activity as larger, more established operators overtake smaller rivals. Ove...purchase to read more.

    Additional Insights for the Storage & Warehouse Leasing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Storage & Warehouse Leasing Industry are

  • Economies of scale
  • Proximity to key markets
  • Economies of scope
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Population in the Storage & Warehouse Leasing industry impact industry performance..

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    What's in this report

    What is the Storage & Warehouse Leasing Industry?

    This industry primarily rents 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.

    Industry Products
  • 5 x 5
  • 5 x 10
  • 10 x 10
  • 10 x 15
  • 10 x 20
  • 10 x 25
  • 10 x 30
  • Industry Activities
  • Leasing or rental of mini warehouses and self-storage units
  • Rental of self-storage warehousing
  • Rental of coin operated lockers
  • U-lock storage
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Population
  • Rental vacancy rates
  • House price index

  • Current Performance
  • Cyclical and countercyclical demand
  • Profit margins bolstered by rental rates
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Revenue grows as profit margins contract
  • Innovation and market conditions
  • Table: Storage & Warehouse Leasing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Storage & Warehouse Leasing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Wholesale Trade
  • Retail Trade
  • Consumers

  • Key Selling Industries
  • Alarm, Horn & Traffic Control Equipment Manufacturing
  • Industrial Building Construction
  • Land Development

  • Products & Services
  • 10 x 10
  • 10 x 20
  • Other
  • 10 x 15
  • 5 x 10
  • 10 x 30
  • 10 x 25
  • 5 x 5
  • Chart: Storage & Warehouse Leasing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Long-term residential customers
  • Short-term residential customers
  • Commercial operators
  • Military
  • Students
  • Chart: Major Market Segmentation for the Storage & Warehouse Leasing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Rent and utilities
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Storage & Warehouse Leasing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Storage & Warehouse Leasing Industry

  • Industry Globalization
    Public Storage,
  • Table: Public Storage - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Storage & Warehouse Leasing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Storage & Warehouse Leasing Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Per capita disposable income (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
  • A facility designed or operated exclusively for the storage of goods in individual compartments or rooms, none of which exceeds 500 square feet in area.
  • Occupancy Rate
  • The amount of storage space occupied as a percentage of total available storage space.
  • Real Estate Investment Trust (Reit)
  • A legal entity that uses pooled investor capital to purchase and manage income property or mortgage loans. To qualify, the entity must distribute at least 90.0% of taxable income.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Storage & Warehouse Leasing provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Storage & Warehouse Leasing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Storage & Warehouse Leasing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Storage & Warehouse Leasing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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