Storage & Warehouse Leasing in California
The Storage and Warehouse Leasing industry in California has exhibited moderate growth over the past five years. With fewer consumers purchasing homes and more homeowners making the transition to apartments and other rental housing, demand for storage and warehouse leasing has strengthened. Moreover, growth in disposable income has given California consumers more money to spend on storage and warehouse leasing. Along with stronger demand, industry profit has also been on the rise. Over the five years to 2022, the industry is expected to continue growing, albeit more slowly. This slightly slower growth reflects a modest slowdown in California's homeownership decline, which will contribute to rental vacancies falling.
This industry primarily rents or leases space for self-storage. These establishments provide secure space where customers can store and retrieve their belongings at their convenience. Industry storage units include rooms, compartments, lockers, containers and outdoor space.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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