Self Storage Facility
The following traits are characteristic of what we define as a self-storage facility.
A self-storage facility must be:
- Open to the public (private and commercial): a self-storage facility cannot be exclusive to residents.
- On-site accessibility: customers must have access to their unit during business hours.
- Personal Lockers: customer must have access to personal lockers, and cannot "warehouse" items.
- The facility must accept storage of all legal and safe items.
- Facility does not solely specialize in "item specific" storage. For example, auto, RV, boat, wine, etc.
- Storage is sold as stand-alone product, not bundled. For example, storage that is a part of an apartment rental contract is not considered self-storage.
- A storage facility must be located within one of the 574 PSAs in United States and 114 CMAs in Canada, including their sub-categories (see statistical areas glossary).
- A storage facility must be greater than 5,000 net rentable sqft..
Common storage businesses excluded from our Self-Storage definition:
- Commercial only facilities
- Document warehouses. For example, facilities that store documents, legal files, paper products, shredding, etc.
- Valet service with warehouse storage
- Storage lockers within residential buildings (only available to residents)
- Boat, RV, and Auto storage