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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.
The self-storage industry reported strong results during the COVID-19 pandemic. [14] [15] This is due to the fact that self-storage is considered to be an "essential business" in many jurisdictions so during a lockdown many facilities never closed and many people were reportedly panic buying storage units to keep valuables safe from contamination.
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.
The Lock Up was founded in 1976 by Robert Soudan and Charles Sample, who built their first self-storage facility in Northbrook, Illinois. Later, Soudan’s son, Bob Soudan, Jr., took over as president of The Lock Up. Soudan Jr. has also served as regional president, director and national president of the Self Storage Association.
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It is the largest brand of self-storage services in the US. [2] In 2008, it was the largest of four publicly traded storage REITs. [3] There are more than 2,200 Public Storage self-storage locations in the US, Canada and Europe. It also owns 42 percent of an office parks subsidiary, sells packing supplies, and provides other services.
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