Industry Profile • Section 1


variances in the collection methods, accounts for the differ- ences in the facility count.


The Industry Profile Using the methodology above, Tables 1.1 and 1.2 indicate that there are approximately 44,149 facilities nationwide, with an average of 52,352 rentable square feet. This equates to an industry total of 2,311,288,448 rentable square feet.


The data indicates that Texas continues to be the state


with the largest number of self-storage facilities (4,475). On the opposite end of the spectrum, Rhode Island once again has the least number of facilities (86) as well as the least rent- able square feet per person.


Table 1.2 reports the number of facilities by state along


with rentable square footage of storage, the population, and the square feet of storage space per person.


As explained in the Methodology section, Union Realtime has


leveraged both public and private data sources to determine the entire universe of self-storage facilities in the U.S. and Canada.


By state, California and Florida follow Texas with 4,057


and 2,758 facilities respectively. In terms of rentable square footage, Texas holds the lead with 234,275,200 rentable square feet, followed by California with 212,392,064 and Flor- ida with 144,386,816 rentable square feet of storage in the marketplace.


Again, as stated in the Methodology section, supply


data is very subjective. As such, there will always be differ- ences from one source to another, as seen when comparing Tables 1.2 and 1.3. For the numbers this year, our goal with NKF was to focus only on facilities where the major source of revenue from the address was the rental of self-storage units. If a facility had a majority of boat/RV storage or auto storage, it was eliminated from our count. For example, if it was a small number of units (100 or less) behind a strip center with a laundromat and convenience store on the front of the property, the self-storage facility was eliminated. In addition, we also tried to identify sub-categories that predominately contained smaller facilities of less than 20,000 square feet.


The Union Realtime data in Table 1.3 averages both public


and private data sources to determine the universe of self- storage facilities in the U.S. From those data sources, it has


 Alaska


   3,148,414


Alabama 26,420,640 Arkansas Arizona


Connecticut 11,513,979 District of Columbia Delaware


32,991,998 1,001,237


Florida 119,240,775 Georgia Hawaii Iowa


4,142,430 56,927,818


4,057,641 13,270,305


Idaho 14,373,793 Illinois


Kentucky 18,178,750


Louisiana 28,992,253 Massachusetts 20,440,290 Maryland


23,915,054


Maine 3,563,397 Michigan 41,362,725 Minnesota 19,795,451 Missouri


26,652,269


Mississippi 16,919,719 Montana 10,122,550 North Carolina North Dakota Nebraska


New Hampshire New Jersey New Mexico


Oklahoma Oregon


Nevada 23,911,174 New York Ohio


52,821,398 4,493,812 10,201,818 6,630,421 31,909,820 13,356,848


47,769,986 51,892,319 29,478,700 27,309,205


Pennsylvania 43,506,815 Rhode Island South Carolina South Dakota Tennessee


41,872,761


5,365,157 2,641,943


3,132,829 26,080,798 4,210,159


35,839,390


Texas 194,588,822 Utah 24,141,560 Virginia


Vermont 2,079,130 Washington 44,796,520 Wisconsin 29,329,109 West Virginia Wyoming 


Source: Union Realtime 2018 Self-Storage Almanac 31


Indiana 33,609,502 Kansas


55,280,993 15,114,874


21,546,905 40,411,832


California 210,729,155 Colorado


100 951 685 897


3,579 866 321 18


108


2,546 1,473 84


535 432


1,520 1,106 557 617 913 529 503 207


1,328 701


1,023 571 388


1,708 149 331 242 584 457 451


1,382 1,683 902 784


1,542 77


855 208


1,178 4,712 573 893 140


1,214 1,110 324 171


 


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