Self Storage Market in
Chicago, IL
$937M TAM · Market Score 79/100 · Ranked #3 of 925 MSAs by TAM
Bottom-up market data for the Chicago, IL MSA. Sourced from PinpointIQ's MSA-level intelligence platform.
Market Score breakdown
How Chicago scored 79/100 for Self Storage
PinpointIQ's Market Score is a percentile-weighted composite. The components + weights are set per vertical. Chicago ranks in the 94th percentile nationally for Self Storage.
| Component | Weight | Value | Percentile |
|---|---|---|---|
| Total Households | 40% | 3,643,783 | 100 |
| Fragmentation Score | 35% | 79.6 | 41 |
| Renter Households | 25% | 1,255,391 | 100 |
TAM by segment
$937M in Chicago broken down by segment
Demographic snapshot
Who lives and buys in Chicago
Frequently asked questions
Self Storage market in Chicago: common questions
How big is the self storage market in Chicago, IL?
The self storage market in Chicago, IL has a total addressable market of $937M, calculated bottom-up from U.S. Census, BLS, and IRS County Business Patterns data at the census-tract level. This makes Chicago the #3 largest self storage market of 925 U.S. MSAs.
How many self storage companies are in Chicago?
PinpointIQ tracks 474 self storage establishments in the Chicago MSA, employing approximately 1,149 people. Establishment counts are sourced from IRS County Business Patterns and refreshed monthly.
How does Chicago rank nationally for self storage?
Chicago scores 79/100 on PinpointIQ's Self Storage Market Score, ranking #56 of 925 U.S. metros — the 94th percentile nationally. The Market Score is a percentile-weighted composite of the vertical-specific drivers that make a metro attractive for self storage operators and investors.
What drives self storage demand in Chicago?
PinpointIQ scores Chicago's self storage market on 3 components: Total Households (40% weight, 100th percentile); Fragmentation Score (35% weight, 41th percentile); Renter Households (25% weight, 100th percentile). The weights are calibrated to the self storage vertical and applied consistently across every U.S. MSA.
What are the biggest self storage sub-segments in Chicago?
Chicago's $937M self storage TAM breaks down into: Storage_self Storage Household ($889M, 95% of TAM); Storage_self Storage Commercial ($47M, 5% of TAM). Segment sizes reflect PinpointIQ's bottom-up model at the census-tract level.
Is Chicago growing? How does population affect the self storage market?
Chicago has a population of 9,371,595 and has declined 1.9% over the last 5 years. Population change is one of the drivers of self storage demand and factors into PinpointIQ's Market Score alongside vertical-specific attractiveness metrics.
TAM figures reflect PinpointIQ's bottom-up market size model built from U.S. Census, BLS, IRS County Business Patterns, and other public + commercial sources at the census-tract level. Market Score is PinpointIQ's percentile-weighted composite; the components and weights are set per vertical and shown above. Data refreshed monthly.
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