elcome to the 2024 Self-Storage Almanac. In 1992, when the first annual Almanac was published by Hardy Good and MiniCo, it was a far cry from the publication it has become today. That inaugural edition was a short statistical abstract of a growing industry that was fast on the way to becoming a real estate asset class of its own.

Since that time the annual Almanac has become the most sought-after publication in the self-storage industry. On the following pages, in addition to an overview of industry size, you will find comprehensive data and detailed analysis on rental rates, occupancy, site information, and more. We have gathered the latest economic and demographic information as well as important data on the industry’s top developers, technology integration, security, valuation, and financing facts that are instrumental in order to make educated decisions in your self-storage endeavors.

As always, it is extremely important to realize that the 2024 Self-Storage Almanac should be used as a benchmark for your research, along with other educational publications from Modern Storage Media, such as the Development Handbook and the RV & Boat Development Handbook. You should also consider exploring the 2024 Expense Guidebook, a companion to the annual Almanac, providing detailed information about industry expense ratios on a national and regional basis.

We would like to extend a very special, thank you to our data partners at Radius+, and the Self Storage Association for allowing us to use data from the 2023 Self Storage Demand Study. Furthermore, we would like to thank Chris Sonne of Newmark Valuation & Advisory for providing his expertise once again on so many levels.

In closing, remember that the need for comprehensive, market-specific research and ample due diligence is vital to the success of any investment in the self-storage industry. Market dynamics can be dramatically different depending on location. As such, it is essential to retain an unbiased, third party to conduct extensive feasibility studies before making any costly investments.

Whether you are developing a self-storage facility for the first time, expanding an existing facility, or looking to grow your self-storage portfolio, it is our hope that the 2024 Self-Storage Almanac will provide you with valuable data and analytical research and data you need to pursue your endeavors.