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This Commercial Real Estate Vertical Set to Post 6% Five-Year Growth

One expert predicts we're going to less suburban starts and more selective developments in urban locations around the country.

By Jennifer LeClaire | Updated on January 08, 2018

Jay Massirman Jay Massirman

MIAMI—I cut my teeth in commercial real estate news writing about the self-storage industry. The growth over the last 20 years has even surprised me.

According to IBISWorld, self-storage industry revenue in the United States will climb past $30 billion in 2018 and will approach $33 billion two years later. What’s more, IBISWorld predicts self-storage revenue will grow at an average annual rate of 2.9% through 2020.

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