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Storage & Warehouse Leasing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Storage & Warehouse Leasing Market Research Report | NAICS 53113 | Mar 2017

Storing up: The industry will continue to reap the benefits of an improving economy

The Storage & Warehouse Leasing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Annual Growth 12-17
Annual Growth 17-22
Annual Growth
Industry Threats & Opportunities
  • Demand for storage units is expected to pick up alongside consumer confidence and consumer spending
  • Low overhead helped operators keep rental prices low enough to maintain demand for units
  • Profit growth will slow as heightened competition and lower rental rates take a toll on earnings
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Industry Analysis & Industry Trends

The Storage and Warehouse Leasing industry is one of the fastest-growing sectors of commercial real estate. The industry grows when the economy strengthens, as more consumers can afford discretionary storage services. The industry has benefited from an increase in consumer spending and disposable income. Consequently, industry revenue is expected to rise over the five years to 2017. Over the next five years, the industry will continue to reap the benefits of an improving economy. Demand for storage units is expected to continue growing alongside per capita disposable income and consumer spending. However, competition in major metropolitan areas, which is already intense, will heighten in other areas as different companies seek to expand into similar areas... ... purchase to read more

Industry Report - Industry Locations Chapter

According to the Self Storage Association's most recent fact sheet, 52.0% of US self-storage facilities are in suburban areas, while 32.0% are in urban areas and 16.0% in rural. Self-storage customers choose a facility primarily based on convenience of the location, generally in relationship to their home or business. Individuals with higher incomes tend to accumulate more belongings and have stronger demand for self-storage. Likewise, self-storage operators primarily seek locations with above-average population growth and income levels. Many of the larger operators own multiple locations or “clusters” within an attractive locality, using economies of scale to reduce operating costs in that region.

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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 Population and Rental vacancy rates in the Storage & Warehouse Leasing industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    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
    Five-by-five-foot storage spacesFive-by-10-foot storage spaces10-by-10-foot storage spaces10-by-15-foot storage spaces10-by-20-foot storage spaces10-by-25-foot storage spaces10-by-30-foot storage spaces
    Industry Activities
    Leasing or rental of mini warehouses and self-storage unitsRental of self-storage warehousing Rental of coin operated lockersU-lock storage

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Population
  • Rental vacancy rates
  • Per capita disposable income
  • Demand from public storage and warehousing
  • 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
  • Products & Markets
    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-by-10-foot storage spaces
  • 10-by-20-foot storage spaces
  • Other
  • 10-by-15-foot storage spaces
  • Five-by-10-foot storage spaces
  • 10-by-30-foot storage spaces
  • 10-by-25-foot storage spaces
  • Five-by-five-foot storage spaces
  • 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
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • 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
    Major Companies
    Public Storage Inc.
  • Table: Public Storage Inc. - financial performance
  • Operating Conditions
    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
    Key Statistics
  • Table: Industry Data for the Storage & Warehouse Leasing Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Per capita disposable income (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
  • 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.

  • Why Buy this Report?
    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 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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