SUNDAY, APR 16, 2023
There are roughly 54,000 self-storage facilities in the U.S., with another 2,000 either planned or being built. The fastest-growing markets are all located in the eastern United States, according to a TractIQ review of survey data.
Among counties with more than 25 existing self-storage facilities, New York City suburbs lead the list for growth. Westchester County, N.Y., which currently has 68 self-storage facilities, is expected to add 21 more, for a 30.9 percent growth rate. It’s followed by Cherokee County, Ga. (+ 11 for a 26.2 percent growth rate) and New Castle County, Del. (+ 11 for a 25.6 percent growth rate). The New York City suburbs of Fairfield, Conn. (+16 for a 21.1 percent growth rate), and Dutchess County, N.Y. (+8 for a 20.5 percent growth rate) are also among the 10 fastest-growing areas.
Number of Incoming Facilities by County. Click here to explore further.
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Author: Frank Bass