The number of self-storage facilities are on the rise. According to Mordor Intelligence, the self-storage market is expected to be one of the hottest sectors in commercial real estate, with expected annual growth of 7.5 percent from 2018-2023. These facilities may not fit the mold of traditional self-storage: concrete buildings with endless rows of orange metal roll-up doors.
Instead, self-storage facilities are becoming contemporary. CubeSmart Self Storage in St. Petersburg, Florida, exemplifies this trend with its design and aesthetic. Real estate firm Altis Cardinal, along with others across the nation, are re-imagining what self-storage can look like.