Is storage space in high demand?

Yes, storage space is in high demand, and it’s expected that the self storage industry will grow in size and demand as the years roll by. The growing global self storage market exemplifies this — valued at $54 billion in 2021, and it’s expected to hit $83.6 billion in 2027, growing at a CAGR of 7.53% within the 2022–2027 forecast period.

How do I evaluate potential revenue streams from energy storage assets?

Evaluating potential revenue streams from flexible assets, such as energy storage systems, is not simple. Investors need to consider the various value pools available to a storage asset, including wholesale, grid services, and capacity markets, as well as the inherent volatility of the prices of each (see sidebar, “Glossary”).

Did Public Storage make a $11 billion deal with life storage?

A notable development occurred in February 2023 when Public Storage made an $11 billion offer for Life Storage Inc., potentially creating one of the largest acquisitions in the industry.

Are self storage operators preparing for profit growth?

Despite economic challenges, such as inflation, 72% of self storage operators anticipate profit growth in the coming years, with Germany showing the highest optimism.

How much will a 5x5 storage unit cost in 2023?

While modest upticks are anticipated again this year, these cities will likely still offer lower prices than coastal hubs. Depending on location and amenities, you should expect to rent the average 5x5 storage unit for $60 to $200 monthly in 2023. Climate-controlled units, 24-hour access, and high-security features can command $20–50 more monthly.