The Rising Demand for Self-Storage in America

A Primarily American Phenomenon

The self-storage phenomenon is primarily American, with 90% of global facilities found in the US. Considering 80% of the $38 billion in revenue comes from households (in 2020), and as people look for smaller homes, there’s a growing demand for suitable storage sites. 

Challenges in Identifying Suitable Sites

Identifying self-storage sites can be challenging, as they typically fall under light industrial zoning. In cities like Miami, storage is explicitly defined as a sub-use, simplifying the search. Deepblocks offers city-wide searches across primary uses and sub-uses.

Valuable Opportunities in Non-Compliant Zones

If storage isn’t listed as a sub-use, an alternative is to examine the locations and zoning of existing facilities. Occasionally, facilities may be situated in zones no longer permitting such use, which significantly increases their valueโ€”an intriguing development in this sector.

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