NAICS 53113 - Lessors of Miniwarehouses and Self-Storage Units
This industry comprises establishments primarily engaged in renting or leasing space for self- storage. These establishments provide secure space (i.e., rooms, compartments, lockers, containers, or outdoor space) where clients can store and retrieve their goods.
Industry trends:
The self-storage industry, classified under NAICS 53113, continues to experience significant qualitative trends that shape its landscape. The rising trend of urbanization is leading to an increased demand for self-storage units in metropolitan areas where living spaces are more constrained. Moreover, there is growing adoption of technology within the industry. This includes advancements like automated rental processes, smart access control systems, and enhanced security measures such as biometric access and 24/7 video surveillance.
Sustainability is also becoming a key focus, with companies investing in eco-friendly facilities that incorporate solar panels, energy-efficient lighting, and water-saving fixtures. The move towards climate-controlled units is gaining momentum, driven by customers' desire to store sensitive items in optimal conditions. Hybrid storage solutions that combine traditional physical storage with digital management platforms are also emerging, offering greater convenience and efficiency for customers.
Looking ahead, the industry is expected to witness steady growth driven by lifestyle changes such as increased mobility, remote work trends, and the gig economy. The ongoing shifts in consumer behavior towards online shopping will likely bolster demand for miniwarehouses as businesses seek additional space to manage inventory. Overall, the future of the self-storage industry looks promising, with technology and sustainability at the forefront of its evolution.
This industry is comprised of:
Equity real estate investment trusts (REITs), primarily leasing miniwarehouses and self-storage units
Lessors of miniwarehouses
Lessors of self storage units
Miniwarehouse rental or leasing
Real estate rental or leasing of miniwarehouses and self-storage units
Self-storage unit rental or leasing
Self-storage warehousing
U-lock storage
Warehousing, self storage
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