Doubling Up in Self-Storage

September 4th, 2007

New information released this week by the Alexandria, Virginia-based Self Storage Association (SSA) indicates that the number of primary self storage facilities in the United States has nearly doubled since the year 2000. At the end of 2006, 51,500 primary self storage facilities dotted the country, with 23,075 of those facilities added between 2000 and 2006. This represents 81 percent growth in the number of facilities during this period.

“The U.S. self storage industry continues to expand at a pace in step with growing residential and commercial demand,“ says Michael T. Scanlon, Jr., President and CEO of the Self Storage Association. “However, dollars that heretofore had been allocated toward ground-up development of new facilities are now being channeled toward expansion and renovation of existing facilities, conversions to self storage from other uses, as well as an increase in the number of acquisitions being undertaken, Nearly one-in-ten American households now rents a self storage unit and nationally commercial business now accounts for about 30 percent of total self storage rental space.”

The industry’s most recent research confirms whatmembers have been saying – that the rising costs for land, tighter capital markets and the added costs associated with a longer entitlements process, have all had a negative effect on ground-up development.

The question is what will the industry do about it? A strong and strategic community relations program doesn’t hurt — in fact it can pay major dividends. Self-storage operators looking to do new projects should communicate the benefits of their plans to community stakeholders. If you can get the community on your side, it will be easier to get the politicians to follow suit.

Entry Filed under: Public Relations, Community Relations, Media Relations, Strategic Counseling, Crisis Communications