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An industry analysis of the
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An industry analysis of the self storage industry and recommendations for companies operating in the self storage industry
...... Additionally, military deployments related to the Afghanistan and Iraq wars could also be a contributing factor to this increase since 2002. More than 700,000 self storage units nationwide are rented to military personnel (4% of all units); however, in communities adjacent to domestic US military bases military occupancy can be from 20%-95% of all rented units. (SSA, 2010)
2. Technological. In recent decades, the most significant technological change in the industry was the development of portable storage units. The self storage industry was revolutionized when portable storage was introduced. Portable storage takes away the hassle of hauling personal belongings to the storage facility. Portable storage can be used to help people move, as well as, to add convenience for people wanting to store their belongings for a period of time. (Self Storage Industry Trends). Companies that are leaders in this growing segment of the market are franchises Big Box Storage and P.O.D.S., an acronym for Portable On Demand Storage. Door to Door storage has also established a recognizable brand in many regions. Typically mobile storage units are a bit more expensive for the customer than fixed self storage facility prices. It is difficult to compare as unit sizes and
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