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Self storage (a shorthand for "self-service storage") is an industry that rents storage space (such as rooms, lockers, shipping 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.
Equipment rental was first developed in Anglo-Saxon countries. It emerged in the UK after the First World War and has now become a multi-billion euro business providing a wide range of construction and industrial equipment for customers globally.The American Rental Association was founded as early as 1955, [1] and the first waves of consolidation took place in the 1970s in North America ...
The units can then be stored at a warehouse or delivered to another location. [1] PODS containers are available in three sizes and are steel-framed, weather-resistant, and they come equipped with tie-down hooks and steel-locking latches. [15] The units and warehouse are owned by local franchisees. [16]
In 1984, PS Reinsurance was formed to sell insurance for a storage unit's contents. [9] In 1995, PS Orangeco was created as a subsidiary, selling boxes, packaging, truck rentals, and other moving supplies. [9] Ronald L. Havner, Jr., then-CEO of Public Storage, earned $10.5 million in 2017. [38]
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