Storage & Warehouse Leasing in Canada - Market Research Report

Packed away: Rising consumer demand for apartments and condominiums will support revenue growth

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.

Storage and warehouse leasing companies have become integral businesses in society, used by consumers ranging from students to retirees and young professionals living in apartments with little storage space. Sales have grown at a strong pace, though the pandemic introduced volatility, as consumer moving patterns abruptly shifted and businesses reduced spending while enduring operating disruptions. Despite the volatility, an aging public, rising disposable income and an overall increase in the number of businesses resulted in expanding markets for leasers. As a result, revenue has been growing at a CAGR of 1.9% over the past five years and is expected to reach $7.3 billion in 2023 when sales will rise an estimated 1.9%. Operators in the Storage and Warehousing Leasing industry in Canada primarily rent or lease self-storage space. Industry operators provide spaces where customers can store and retrieve their belongings at their convenience. Industry storage units include rooms, compartments, lockers, containers and outdoor space.