5 Storage Rental Business Success Stories [2024]

Pat Walls

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Updated: November 19th, 2023

Start A Storage Rental Business

Are you planning to start a passive income business? Storage unit business is an excellent choice for passive income.

Storage spaces offer a solution for people and businesses with too many things but lack enough space to store the items. Besides, the demand for storage space has increased and is expected to reach over $64 billion in the next few years.

Therefore, if you have some idle land, you can construct storage spaces for rental, ideal for industrial, commercial, and residential clients. If starting a storage business, remember location is a critical factor, and do market research to find out the market rates.

Here are some real life success stories of starting a storage rental business:

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Starting A Storage Rental Business: Everything You Need To Know

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2. ExtraSpace

Offering over 1,800 self storage facilities nationwide to accommodate household or business commercial storage with a variety of self storage unit sizes specific for your storage needs.

Where they're located: Denver, Colorado, USA
Website traffic: 2.78M/month

So... can you actually make money with a storage rental business?

Of course. There are millions to be made in this industry.

But how?

Research real, profitable businesses and see exactly how much money they make.
Study exactly what works, and what doesn’t.
Take action, because now you have the roadmap.

Join Starter Story and build your next big thing:

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4. Neighbor.com

Where they're located: Los Angeles, California, USA
Current team size: 0

5. Self Storage Management Software

Where they're located: Miami, Florida, USA
Website traffic: 310K/month