S 2021ELF-STORAGE ALMANAC


••••••••••••••••••••••••••••••• PUBLISHER


Poppy Behrens


PRODUCTION MANAGER Jeffry Pettingill


EDITOR


Erica Shatzer WRITERS


David Lucas Erica Shatzer


Poppy Behrens Jerry LaMartina


PUBLISHING COORDINATOR Samantha Nicole Traina (602) 308-6340


ADVERTISING SALES EXECUTIVE Claudia Johnson (800) 824-6864 CIRCULATION &


ONLINE SALES COORDINATOR Amy Sharman (800) 352-4636


•••••••••••••••••••••••••••••••


MiniCo Insurance Agency, LLC © 2020 All rights reserved.


PRESIDENT & CEO Mike Schofield WEBSITES


www.ministoragemessenger.com


www.minico.com • www.aranins.com EMAIL


messenger@minico.com


Reproduction in whole or in part without written permission is prohibited. Printed in the United States.


Unsolicited manuscripts, artwork and photographs must be accompanied


by an addressed return envelope and the necessary postage. Publisher assumes no responsibility for the return of materials.


All correspondence and inquiries should be addressed to: Mini-Storage Messenger P.O. Box 35700


Phoenix, AZ 85069-9979 Phone: (800) 352-4636


Table Of Contents


A Note From The Publisher ............................................................. 9 Regional Information ....................................................................... 13 Contributions & Credits .................................................................. 13 1 • Industry Numbers ................................................................ 17 2 • Industry Ownership ............................................................ 21 3 • Development Pipeline ....................................................... 35 4 • Economics & Demographics ............................................ 41 5 • Customer Traits ..................................................................... 47 6 • Integrating Technology ..................................................... 53 7 • Occupancy ............................................................................. 59 8 • Rental Rates ........................................................................... 67 9 • Site Information .................................................................... 85 10 • Management ....................................................................... 93 11 • Security ................................................................................ 107 12 • Financial Facts ................................................................... 113 13 • Self-Storage Market Conditions .................................. 123 14 • The Overall Capitalization Rate ................................... 129 15 • Self-Storage Valuation .................................................... 133 Self-Storage Associations ............................................................. 141


2021 Self-Storage Almanac


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