The term “self-storage” is short for self-service storage, sometimes also called mini storage. Self-storage facilities lease space to Individuals (usually storing household goods), or too small businesses (usually storing excess inventory or archived records).
The rented spaces, known as “units”, are secured by the tenant’s own lock and key and facility operators do not have access to the contents of the space but may provide computer-controlled access to rental space areas.
Self-storage businesses exist to offer their customers a safe place to store household goods, business materials, vehicles, and anything else that the customer needs to stow away.
Consumer and business-facing self-storage facilities are growing – 9.4% of American households use a storage facility each year.
Currently, the sector is generating over 20 billion dollars in revenue, with roughly 50,000 storage facilities in the US and total rental space of more than 1.7 billion square feet. This growth in storage facilities has not gone unnoticed by the media. Numerous storage-based reality shows like Storage Wars dominate television networks, and the self-storage facility has profoundly entered the American cultural lexicon.