The self-storage market has grown significantly over the last decade. Each year since 2012, the market has grown by 8%, and the average self-storage operator has experienced a 41% profit margin.

"The self-storage market has never been more active, booming over the past decade," Dave Hettinger, senior national account manager at Motili, tells GlobeSt.com. "By the numbers, the self-storage industry has grown by almost 8 percent each year since 2012 and last year's annual revenue was valued at $39.5 billion, according to IBISWorld's Storage and Warehouse Leasing Industry report. 1 in 11 Americans uses self-storage and pays an average of over $90 per space to rent it."

Looking at the strong profit margin, self-storage as outperformed every other asset class. "The storage industry is expanding at rates unseen in other markets. There's no question that the self-storage industry opens a pathway to profits for investors, owners and operators. On average, storage operators enjoy an enviable 41% profit margin, compared to the 22% average profit margin across all industries," says Hettinger.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.