Over the past few years, the self-storage industry has seen a real boom—and that’s a good thing. According to the International Self Storage Association, the self-storage market has grown from fewer than 400,000 units in 1984 to more than 2.4 million units in 2014. Another Report from Modern Intelligence says “The market was valued at USD 40.73 billion in 2020, and is expected to reach a value of USD 53.92 billion by 2026, registering a CAGR of 4.79% over the forecast period of 2021-2026.”
Brief About Mangat Group
Mangat Group is a development company located in Glendale, AZ. Mangat Group has over fifteen year of experience with various development projects they have completed in Arizona.
Mangat Group’s focus is the creation of a diverse and sustainable platform of self-storage assets, which the company will continue to develop into high-quality storage properties. Mangat Group intends to fulfill the growing demand for quality storage in emerging markets by creating an expansive portfolio of self storage facilities through the ongoing development of new facilities, the acquisition, and repositioning of existing big-box retail properties, and the purchase and redesigning of strategically located yet poorly optimized storage properties. Please take a look at our portfolio for more information on our projects.
The market was valued at USD 40.73 billion in 2020, and is expected to reach a value of USD 53.92 billion by 2026, registering a CAGR of 4.79% over the forecast period of 2021-2026.
Source : Modern Intelligence