IMARC Group has recently released a new research study titled “United States Self Storage Market Report by Storage Unit Size (Small Storage Unit, Medium Storage Unit, Large Storage Unit), End Use (Personal, Business), and Region 2026-2034”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

Market Overview

The United States Self Storage Market size reached USD 30.6 Billion in 2025. It is expected to grow to USD 35.8 Billion by 2034, exhibiting a CAGR of 1.73% over the forecast period of 2026-2034. Market growth is driven by urbanization, lifestyle changes, real estate trends, technological advancements, and expanding e-commerce channels.

Study Assumption Years

  • Base Year: 2025
  • Historical Year/Period: 2020-2025
  • Forecast Year/Period: 2026-2034

United States Self Storage Market Key Takeaways

  • Market Size in 2025: USD 30.6 Billion
  • CAGR (2026-2034): 1.73%
  • Forecast Period: 2026-2034
  • The market is primarily driven by increasing urbanization, lifestyle changes, and evolving real estate market trends.
  • Large storage units represent the largest segment due to demand from families and businesses needing substantial space.
  • The personal end use segment dominates, fueled by residential mobility and minimalism trends.
  • The Northeast region accounts for the largest market share, influenced by high population density in cities like New York, Boston, and Philadelphia.
  • Major players such as Public Storage, Extra Space Storage, and CubeSmart are expanding through acquisitions and facility development.

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Market Growth Factors

United States self storage market growth is being driven by increasing urbanization and evolving lifestyle patterns. As urban populations expand and land use intensifies, residential spaces have become denser, creating additional demand for external storage solutions. Families temporarily displaced due to home repairs or relocations, as well as small businesses requiring flexible and secure spaces for equipment, files, or inventory, are key contributors to this rising demand. Additionally, large storage units used for furniture or bulk business inventories are seeing heightened interest, further supporting the steady expansion of the United States self storage market.

Technology is another factor driving growth for the industry. Self-storage companies have started using technological advancements such as online reservation systems, mobile apps, automated access systems, and 24/7 security cameras and smart locks. Other services, such as climate control or moving help, make the service easier to use, while enabling operators to differentiate their service.

The growth of small businesses and e-commerce manufacturing has driven demand. Self-storage can accommodate the inventory of a startup or remote business. This can be a cost-effective alternative for some people to warehouse space, as online shopping increases the demand for distributed storage solutions. Self-storage provides businesses a flexible and scalable storage solution, especially valuable for small businesses with logistical needs.

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Market Segmentation

Breakup By Storage Unit Size:

  • Small Storage Unit:
  • Medium Storage Unit
  • Large Storage Unit: Large storage units dominate the market due to the requirement for storing numerous possessions, furniture, appliances, recreational equipment, and business inventories. Favored by families during moves or renovations and by small companies, these units offer increased flexibility and accommodate bulky or substantial volumes of items.

Breakup By End Use:

  • Personal: Personal use holds the largest market share, driven by residential mobility, smaller urban living spaces, decluttering, and life transitions requiring extra storage. Hobbyists and individuals also utilize storage units for seasonal or less frequently used items.
  • Business

Breakup By Region:

  • Northeast: The Northeast leads the US self-storage market, owing to high population density and urbanization in cities such as New York, Boston, and Philadelphia. Limited living space and steep housing costs create strong demand for external storage. Economic activity in the region further boosts commercial storage needs.
  • Midwest
  • South
  • West

Regional Insights

The Northeast region is the dominant market for self-storage in the United States, driven by densely populated urban centers like New York, Boston, and Philadelphia. High real estate costs and limited housing space create significant demand for personal and commercial storage solutions. The region's economic dynamics further support strong commercial storage requirements, securing its position with the largest market share.

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Recent Developments & News

In June 2023, Ivanhoé Cambridge announced a strategic partnership with Safely Store Self Storage, targeting Tier I and Tier II US markets through a mix of developments, redevelopments, and acquisitions. In April 2023, Storage Point Capital and Store Space Self Storage entered a joint venture focused on acquiring opportunistic self-storage properties, aiming to build a long-term partnership and deploy Storage Point Capital's feeder fund.

Key Players

  • Public Storage
  • Extra Space Storage
  • CubeSmart

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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