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Moving, divorce and high rates fuel U.S. self-storage industry boom

Self-storage in the United States, where people store surplus belongings, has grown into a giant industry with annual revenue topping $40 billion. An analysis said the United States accounts for about 90 percent of global self-storage capacity and has more facilities than the combined U.S. store counts of major chains including Starbucks and McDonald’s. Demand has been driven by “four Ds” such as death, moving and divorce, as well as remote work and higher mortgage rates.