“Self-storage is now as American (and as popular) as apple pie. In fact, there are currently more self-storage facilities in the US than all the Best Buy, Lowe’s, Home Depot, Walmart, McDonald’s and Subway locations combined,” the online platform that provides nationwide storage listings said. “The 2011-2020 period was the third-most active decade in the history of self-storage development, with over 295M square feet of self-storage space coming online across the nation — or about 20% of the total existing inventory in the US — per Yardi Matrix data.”
To come up with the ranking, RENTCafé analyzed self-storage and multifamily development in the biggest 100 U.S. metro areas by population. The apartment data is tied to rentals in buildings with more than 50 units. The website pulled multifamily and self-storage data from its sister division Yardi Matrix, a business development and asset management tool for brokers, sponsors, banks and equity sources.