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  1. Glossary
  2. Asset Management
  3. Self-Storage
Asset Management S

Self-Storage

Also known as: miniwarehouse, mini-storage

Self-storage provides rented secure space where customers store and retrieve their own belongings or goods.

Self-storage is the rental of secure space where customers can store and retrieve their own belongings or goods. The space can be a room, compartment, locker, container or outdoor area.

The defining feature is customer access to rented storage space. This differs from a general warehousing operation that provides storage services for goods.

Source: U.S. Census Bureau: 2022 NAICS Manual, Industry 531130.

Frequently Asked Questions

Does self-storage have to be a room inside a building?

No. The Census definition includes compartments, lockers, containers and outdoor space as well as rooms. The term describes the storage rental activity rather than one building layout.

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Strategic oversight focused on financial maximization, capital allocation, risk management, and long-term asset value growth for property owners.

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The strategic redevelopment and physical conversion of obsolete real estate into alternative commercial, residential, or mixed-use assets.

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Build-to-Rent

Build-to-rent is housing constructed with the intention of renting the completed homes.

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Capital Expenditure (CapEx)

Long-term investment funds used to improve, replace, or add major physical property assets that are capitalized rather than expensed immediately.

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Capital Expenditure Reserve Analysis

Financial modeling calculating annual cash reserves needed to fund anticipated roof, paving, and mechanical replacements over a 30-year lifecycle.

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