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As of year-end 2007, a total of some 52,000 self storage facilities have been developed in the United States on industrial and commercial land parcels, usually on three- to seven-acre properties. There is more than 2.2 Billion square feet of self-storage in the U.S., or a land area equivalent to three times Manhattan Island (NY) under roof. The U.S. self-storage industry generates more than $20 billion in revenues each year.
More recently, in many metropolitan cities where competition among storage companies is fierce, better parcels of land near residential and commercial areas are being converted into self-storage. Moving trucks and vans may also be available for rent when the facility includes a truck rental franchise. A few storage facilities allow the use of a truck for free or even send a truck to your nearby home or business as a move-in promotion.
Self-storage businesses lease a variety of unit sizes to residential and business customer/tenants. Popular unit sizes include 10x5 (10 feet wide by 5 feet (1.5 m) deep) which is about the size of a large walk-in closet, 10x10 (the size of a child's bedroom), 10x20 (one-car garage), 15x20 and 20x20 (two-car garage). The storage units are typically windowless, walled with corrugated metal and lockable by the renter. Chain linked fencing or wire mesh may function as a more secure ceiling than a suspended ceiling. Each unit is usually accessed by opening a roll-up metal door, which is usually about the same size as a one-car garage door. A controlled access facility may employ security guards, surveillance cameras, individual unit door alarms and some means of electronic gate access such as a keypad. A few facilities even use biometric thumbprint or hand scanners to ensure that access is granted only to those that rent.
In rural and suburban areas most facilities contain multiple single-story buildings with mostly drive-up units having natural ventilation, but which are not climate-controlled. These buildings are referred to as "traditional". Climate-controlled interior units are becoming more popular in suburban areas. In urban areas many facilities have multi-story buildings using goods passenger lifts or freight lifts to move the goods to the upper floors. These facilities are often climate-controlled since they have mostly, if not all, interior units. Warehouses or grocery stores are sometimes converted into self storage facilities. Loading areas are provided on the ground floor. Also, complimentary trolleys or moving dollies are sometimes provided to help the customer's carry items to their units. Urban self storage facilities might contain only a few floors in a much larger building; there are successful self-storage businesses cohabitating with light manufacturing, office tenants and even a public school [citation needed].
One in ten U.S. households now rent a self-storage unit. The growing demand for self-storage in the U.S. is created by people moving (some 40 million Americans move each year), and by various lifestyle transitions, such as marriage, divorce, retirement, a death in the family, etc.
Customers are generally allowed to store any non-hazardous, non-toxic, non-perishable material in the facility: personal items, furniture, motorcycles, overstocked retail wares, etc. Customers are prohibited from sleeping or otherwise living in the room. If the customer fails to pay the rent, a lien is placed on the customer's goods and they are sold at auction. The storage facility lien rights are codified in most states in the U.S.A. The customer is still responsible for any rent and fees due if the auction does not clear their balance. (i.e. California Self-Service Storage Facility Act, Business & Professions code Sec 21700 et seq.)
Many national & state trade associations were formed in the mid 1970's.
UR-Store Self-Storage Consultants aims to bridge the gap between the industry and potential developers while also offering existing operators an avenue of sound advice and assistance from operational knowledge and know-how to assistance with putting together finance packages to aid development and acquisitions.
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