Warehouse Lease

The Storage and Warehouse Leasing industry rents out and leases space for self-storage to individuals and businesses. Since self-storage facilities emerged in the 1960s, the industry has been one of the fastest-growing sectors of commercial real estate. Demand for the industry stays relatively consistent since it can benefit from both a very well performing economy as well as a poorly performing economy. For example, as people gain more disposable income, they purchase more things that then need storage. On the other hand, a recession will force businesses to close their doors and people to downsize, creating demand for storage of old inventory or possessions during a move. As a result, industry revenue is projected to increase at an annualized rate of 2.6% to $26.9 billion in the years leading to 2022. This year alone, industry revenue is projected to decrease 1.5% due to falling per capita disposable income.