What is the current North Carolina Self-Storage Market size?

The North Carolina Self-Storage Market is projected to register a CAGR of 4.97% during the forecast period (2024-2029) Read More

Who are the key players in North Carolina Self-Storage Market?

Life Storage Inc. , Cubesmart LP, NC Self Storage, Compass Self Storage and Go Store It are the major companies operating in the North Carolina Self-Storage Market. Read More

What years does this North Carolina Self-Storage Market cover?

The report covers the North Carolina Self-Storage Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North Carolina Self-Storage Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

North Carolina Self-Storage Market Share

Statistics for the 2023 & 2024 North Carolina Self-Storage market share, created by Mordor Intelligence™ Industry Reports. North Carolina Self-Storage share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of North Carolina Self-Storage Industry

The North Carolina Self-Storage Market is moderately fragmented. Companies are competing for customers based on prices and other terms of storage contracts. Companies offer incentives such as low-monthly prices to attract customers. Owing to market penetration and the ability to offer better services, competitive rivalry is expected to continue high. Brand identity, however, plays a crucial role in shaping the competition in the market, with many players attaining a significant advantage over the new entrants and regional players.

December 2022 - Life Storage Inc. and Extra Space Storage agreed to merge, with Extra Space acquiring Life Storage in an all-stock deal. The transaction merged two platforms, and the merged company's pro forma equity market capitalization is projected to be about USD 36 billion and a total enterprise value of approximately USD 47 billion, resulting in an even stronger combined company that will drive long-term. Large operational and external growth prospects can be realized through scale efficiencies, increased retained cash flow, data analytics, and other ways.
December 2022 - VanWest acquired two self-storage facilities in Illinois and North Carolina in separate off-market transactions through Fund III. While 10 Federal Self Storage at 2542 S. Alston Ave. in Durham, North Carolina, offers 33,915 rentable square feet in 340 units, Capt'n Hook's Self Storage in Zion, Illinois, has 51,680 rentable square feet in 379 units. Both assets provide potential gains due to declining costs and rising rental rates. They will be rebranded as ClearHome Self Storage.
August 2022 - Storage Sense continued to expand with the addition of a new storage facility in Mebane, North Carolina. This storage facility, which is situated in the city of Burlington, North Carolina, will serve the central North Carolina communities of Burlington, Graham, Swepsonville, and Alamance. The amenities available to users include indoor storage rooms, climate-controlled storage spaces, and more.