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Self storage (a shorthand for "self-service storage") is an industry that rents storage space (such as rooms, lockers, containers, and/or outdoor space), also known as "storage units," to tenants, usually on a short-term basis (often month-to-month). Self-storage tenants include businesses and individuals.
Storage Equities was founded by Public Storage in 1980 [17] to purchase self-storage facilities. [9] It was one of 17 self-storage REITs that Public Storage held an interest in. [18] Between 1992 and 1995, Storage Equities paid Public Storage $31 million in management and consulting fees. [6]
As major cities run short of living space, self-storage boxes are now becoming a relevant service in many parts of the world. The service is particularly attractive to clients because its pick-up services save time and effort for the inhabitants of metropolitan areas such as Hong Kong, New York City, [8] London, [citation needed] and Berlin, but in particular in the Asian world.
Simply Self Storage is a privately owned self-storage company in the United States. It has more than 100 operating self-storage facilities with over 8 million square feet of storage space combined. It has more than 100 operating self-storage facilities with over 8 million square feet of storage space combined.
Historically, storage rooms in homes have often been narrow, dark and inconspicuous, and places on floors other than the main floors of the building, such as in a basement or an attic. A storage room can be lockable, and can be located in a housing unit or a common area , indoors or outdoors.
Life Storage, Inc. was a real estate investment trust headquartered in Williamsville, New York, that invested in self-storage units. The company was previously known as Sovran Self Storage and Uncle Bob's Self Storage. The company completed a merger with Extra Space Storage in July 2023. [2]
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