Market Share by Available Square Feet – September 2014
This chart shows which operators have the most available self-storage space for rent in various major markets. The figures are based on availability of units listed online and may not reflect actual vacancy. As you can see, “other” operators make up the bulk of available self-storage space in any given market. |
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*Square Footage represents the amount of square footage the operator is estimated to have available for lease.
*Number of stores represents the number of stores that have vacancy available.
*Data provided by StorTrak 
Construction spending
Recent Acquisition Activity By State
SpareFoot identifed 126 self-storage acquistions exceeding $1,000,000 during the months of June, July, August, September and through October 15. Acquistions in which the price was not availavbe were not included. |
| Location | Number of facilities | Total Price (mil.) | Largest Deal Buyer | Largest Deal Price (mil.) |
|---|---|---|---|---|
| AR | 2 | $5.8 | Virtus Real Estate | $3.1 |
| AZ | 6 | $12.5 | Unknown | $2.6 |
| CA | 7 | $24.5 | Storage Etc. | $16.4 |
| CO | 1 | $1.4 | OPM Holdings | $1.4 |
| FL | 31 | $264.6 | Public Storage | $182.4 |
| GA | 6 | $33.3 | Metro Storage | $20.4 |
| IL | 3 | $17.9 | U-Stor-It | $11.5 |
| MA | 2 | $27.6 | CubeSmart | 23.1 |
| MD | 3 | $28.8 | Public Storage | $28.8 |
| MN | 4 | $22 | Metro Storage | $22 |
| MO | 5 | $35 | Sovran Self Storage | $35 |
| NC | 12 | $53.8 | Public Storage | $26 |
| NH | 2 | $6.4 | RJ Kelly Company | $6.4 |
| NJ | 7 | $46.7 | Sovran Self Storage | $22 |
| NV | 4 | $19.4 | Strategic Storage Trust | $9.5 |
| OK | 2 | $7.4 | Virtus Real Estate | $4.2 |
| OR | 1 | $3.2 | McClory Family Trust | $3.2 |
| PA | 1 | $9.9 | Metro Storage | $9.9 |
| RI | 1 | $3.9 | Amdell Companies | $3.9 |
| TN | 5 | $33.6 | Simply Self Storage | $33.6 |
| TX | 14 | $38.6 | Lockaway Storage | $9.1 |
| UT | 1 | $3.1 | Herriman Self Storage & Moving | $3.1 |
| VA | 5 | $28.2 | Public Storage | $9.6 |
| WA | 1 | $1.3 | South Sound Self Storage | $1.3 |
* The Public Storage acquistion of 25 portfolios from Veritage Management spanned five states. For the purposes of this study each facility was valued at $9.6 million. http://news.sparefoot.com/426-public-storage-buys-veritage-management-portfolio Information is based on press releases and public documents. Please e-mail if you would like to submit a correction.
Barriers to Development and Expansion
What's your biggest obstacle to expanding your facility?When it comes to expanding existing facilities, many operators simply say they do not have enough land or space available to do so. |
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What is your company’s biggest obstacle to building a new facility?More than 42 percent of surveyed self-storage operators said they weren’t interested in building any new facilities at the time. |
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*Client Survey data gathered by SpareFoot Jul - Oct.
Learn more
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