Storing Tomorrow: Future Trends in Self Storage

ROOM TO GROW

Throughout history, the human race has acquired more and more possessions and, as we gather more stuff, we need somewhere to put it. Households, businesses and individuals of all types all need space to keep the things they own, need, value and love. 

As a result, the self storage market is in a good place. Bigger populations, smaller properties, high business rents, the post-pandemic rise in working-from-home, increased travel and experience-seeking are all factors that contribute to the growth of the industry. 

In monetary terms, (pushes glasses up nose) the storage industry overall is expected to grow at a CAGR (Compound Annual Growth Rate) of 7.54% between 2022 and 2027. Looking at the USA – the world’s largest user of self-storage – the market size is expected to reach $83.6 billion in 2027. That’s a lot of storage!

So how does the self-storage industry keep up? Let’s take a look at five key self-storage trends of the present and not-too distant future:

Bigger Units

Rather than somewhere to stash stuff you’re not going to ever use again, self storage units have become places that are in constant use. Like stock and equipment storage spaces for businesses; or equipment, furniture and household items for families; or life’s-possessions storage for individuals heading off on prolonged travels, for example. As the demand for storage space grows, it only follows that the size of individual units is growing too. 

Websites

Technology overall is THE big trend across all industries and self storage is no exception. A website is absolutely the first step to connect self storage suppliers and users, and having all the right things on it in a user-friendly way will enhance the ease and efficiency with which both parties can do business.

Supplying essential information like location, unit sizes, rates and the small print is a first step. Then enabling the booking and management of the units is the next, in order to create a one-stop, streamlined experience. Additional services – hiring a forklift, say – are also bookable through websites. In short, the gate to efficient and effective self-storage is now at the click of a mouse or tap of a phone screen.

Self Storage Software and AI

Technology will continue to drive the future of the self storage industry through the use of advancements which enhance customer convenience and control. The tech-savvy millennial generation are important self storage consumers because of their often nomadic lifestyles and increased relocation frequency along with smaller living spaces so app integration will be a real area of focus for self storage operators. 

Software which can effectively manage billing, accounting and other customer management requirements is high on the list, along with hands-free entry and security, online reservation and contactless payment. Climate-control is also at a user’s fingertips. Alerts can be sent if temperatures within the units change for any reason, ensuring that they can be modified to always keep stored items in optimal condition, whatever the challenges of our changing environment. 

Tech is also essential to suppliers. AI and the IoT (Internet of Things – the network of ‘things’ such as sensors, software and other tech that facilitates the connection and exchange of data of devices and systems all over the internet) keeps tabs on storage facilities, enables enhanced marketing and ultimately drives sales. Data storage technology and AI can build more personalised experiences for users and help to streamline costs – it all caters to the evolving needs and likes of a new generation of users and suppliers. 

Smart Storage Units

Smart technology will make self storage units not only easier to rent and manage, but safer too. These types of units work with wireless, cloud based and digitally managed smart lock systems which allow access using smartphones or bluetooth key fobs. Biometric logins, meaning that the unit can only be accessed by facial recognition or touch ID, are also an option, as well as Interior security features such as motion and body heat detectors. Such systems can also gather data, enable the setting up of access groups and send instant alerts meaning you’re never out of touch with your valuables. 

Energy Efficiency

The environment is obviously huge on any business agenda and more self storage facilities are adopting energy efficient technology to reduce their carbon footprint – LED lighting, for example, and smart climate-control systems so that energy is only used when and where it’s needed. Solar panels are being explored more and more to power the overall operations in a sustainable way. Not only can these measures enhance the operational efficiency of facilities, but they will also have huge appeal for more environmentally-conscious users.

In a world that’s working towards catering to everyone’s diverse needs, it’s important to know that self-storage is no exception – constantly growing and changing to suit every user.

Unlock the freedom of extra space. Get in touch with Storage World today or get a quote online.