Who Are the Key Players in the Self Storage Sector?

For you to understand the industry, you'll need adequate knowledge of its key players and what they are doing to remain ahead of the competition. This is because companies differ based on the services offered, space available for rent, security features, and prices charged.

Some of these big industry players include;

Company	National Coverage	Customer Service	Diverse Storage Options	Security	Price Charged
Public Storage	In all States	Satisfactory	Few	Standard	Inexpensive
Extra Space Storage	In 40 States	High-quality	Few	Standard	Inexpensive
U-Haul	In all States	High-quality	Few	Exemplary	Expensive
CubeSmart	In 20 States + DC	Satisfactory	Many	Standard	Expensive
Life Storage	In 35 States + DC	High-quality	Few	Standard	Inexpensive

 

 

 

 

 

 

 

 

 

 

 

 

Public Storage (Largest US Self Storage Operator)

Public Storage is the largest self-storage operator in the USA, with about 3,000 facilities in operation. The company has huge national coverage and is present in all states.

Economies of scale allow Public Storage to offer some of the lowest rates among its competitors, with some spaces costing as low as USD 1 in the first renting month. They, however, have a low-security rating, with no video surveillance and pest control guaranteed.

Extra Space Storage (Best Value Operator)

Extra Space Storage is one of the least nationally extensive operators on this list, with a presence in only 40 US states. They, however, operate about 1900 facilities across the country.

Low prices are the biggest selling point for Extra Space Storage as the affordability does not affect service provision for the operator. Renters that use their facilities are offered an assortment of security features that increase the safety of their property.

They also offer pest control and high-quality customer service, ensuring the client gets the best value for their money.

U-Haul (Most Secure Operator)

U-Haul has built its name as a moving company since its formation. They have, however, created a storage department within their ranks that is growing to become one of the most trusted operators. This option is appropriate for businesses and individuals looking to store high-value property.

The safety of goods at U-Haul is guaranteed through the implementation of various security features on the company grounds. They also offer an optional insurance cover for belongings.

A high fee is charged for these additional safety measures, making U-Haul one of the most expensive storage operators.

CubeSmart (Most Storage Options)

Diverse storage options available at CubeSmart galvanize its position among the top self-storage options for the US market. This company provides lockers and vaults of several sizes, ensuring the customer only hires the space needed, ultimately reducing their storage expense.

CubeSmart is best known for efficient vehicle storage. Some of their spaces are big enough to store cars, boats, RVs, motorcycles, and trailers.  

Life Storage (Best Budget and Customer Service Option)

Life Storage's commitment to excellent customer service puts it up the list of self-storage operators.

They have a variety of client-focused initiatives and features, including free rentals for moving trucks in some locations and specialized climate-controlled units for items that require special storage conditions. Clients are also able to store valuable property, including wines and vehicles, at the right temperatures, humidity, and sun exposure. This ensures the value of the items does not reduce during storage.

Units owned by Life Storage cost about USD 72 and USD 220 per month based on their sizes. They also have discounts and cost reductions that make them one of the cheapest in the industry.