Milestone Celebration for Extra Space Storage
Extra Space Storage, Inc., recognized as the largest operator of self-storage properties in the United States, is celebrating a remarkable milestone of over 4,000 stores. With more than 2 million storage units across the nation, this growth marks a significant achievement in the organization’s continuous evolution and expansion.
Growth Journey Since 2021
The company has more than doubled its store count since 2021, showcasing its strong market presence and resilience within the self-storage sector. This phenomenal increase reflects the company’s ongoing commitment to excellence and customer satisfaction.
Leadership Insights
CEO Joe Margolis stated that this achievement is not merely a number but represents the dedicated individuals behind this transformation. He emphasized, "Our team’s commitment to sustainable and strategic growth plays a critical role in providing top-notch value to our clients. Our success is a reflection of over 8,000 team members and the 2.4 million customers who rely on us for their storage needs."
Expanding Footprint and Capacity
Extra Space Storage now operates 4,011 stores across 42 states and Washington, D.C., providing a total of 2.8 million units that collectively offer approximately 308 million square feet of rental space. In the previous year alone, the company added 297 more stores to its platform, demonstrating a robust growth strategy driven by various initiatives.
Diverse Property Ownership
Of the total stores, 49 percent are owned exclusively by Extra Space, while 12 percent are held through joint venture partnerships, illustrating a diverse strategy in property management. Additionally, 39 percent are managed on behalf of independent owners through the company’s ManagementPlus platform.
Values and Commitment to Excellence
Since its inception in 1977, Extra Space Storage has been propelled by its core values, including integrity, teamwork, and a passion for innovation. Margolis shared that this milestone is the product of unwavering effort to foster the company's values, signaling their dedication to long-term success and legacy building.
The company has received accolades as a top workplace from Glassdoor, U.S. News, and Time Magazine. In the recent Forbes list of "America's Best Companies," Extra Space Storage was honored to be included among the top 25 organizations.
Career Opportunities and More
For those interested in exploring career opportunities with Extra Space, the company warmly invites prospective employees to learn about available positions on their careers website. The emphasis on workplace culture makes it an attractive option for both potential hirers and new employees.
About Extra Space Storage
Headquartered in Salt Lake City, Utah, Extra Space Storage Inc. is a self-administered and self-managed REIT, featuring prominently in the S&P 500. Since December 31, 2024, they own and operate 4,011 self-storage stores located across 42 states and Washington, D.C., showcasing their dominance in the industry.
Their offerings include a variety of secure and conveniently located storage units, catering to diverse customer needs including boat, RV, and business storage. As the largest self-storage provider in the U.S., Extra Space continues to set industry standards through its exceptional service and growth potential.
Frequently Asked Questions
What milestone did Extra Space Storage achieve?
Extra Space Storage celebrated opening its 4,000th store, marking a significant growth in its operations.
How many states does Extra Space Storage operate in?
The company operates in 42 states and Washington, D.C.
What is the total storage capacity of Extra Space Storage?
Extra Space Storage provides approximately 2.8 million storage units with around 308 million square feet of rentable space.
Who is the CEO of Extra Space Storage?
The current CEO of Extra Space Storage is Joe Margolis.
How does Extra Space Storage support its employees?
Extra Space Storage has been recognized multiple times as a top workplace, fostering a values-driven culture.
