Extra Space Storage Hits Remarkable Milestone with 4,000 Stores Across the U.S.

Extra Space Storage Reaches New Heights

On March 5, 2025, Extra Space Storage, Inc. (NYSE: EXR), recognized as the leading self-storage operator in the United States, proudly celebrated the opening of its 4,000th store. This significant milestone exemplifies the rapid expansion and robust growth of the company since 2021 when they had fewer than 2,000 locations. The achievement underscores not only the increasing demand for self-storage but also the effectiveness of the company's strategic initiatives.

A Journey of Growth

According to CEO Joe Margolis, reaching this milestone is not just a numerical accomplishment, but rather a celebration of the team and the community of customers that have contributed to it. He mentioned, “This achievement is a testament to the company's steady growth and resiliency of the self-storage sector,” emphasizing the importance of the team’s dedication to strategic, sustainable, and profitable growth.

As of now, Extra Space Storage operates an impressive 4,011 locations across 42 states, including Washington D.C., and maintains a strong presence in 98 of the 100 largest metropolitan areas in the country. They provide a total of 2.8 million storage units, equating to an astounding 308 million square feet of rentable space.

The company’s growth strategy comprises various sources: 49% of the storage units are wholly owned, 12% are part of joint ventures, and 39% are operated for independent owners through the ManagementPlus platform.

Commitment to Excellence

Since its inception in 1977, Extra Space Storage has upheld a values-driven approach, which Margolis asserts is at the core of this milestone. “This milestone reflects years of hard work and commitment from the team to our company values of integrity, teamwork, passion, innovation, and excellence,” he stated.

Extra Space's team, comprising over 8,000 dedicated members, has received accolades as one of the “Best Places to Work” by reputed organizations, including Glassdoor and Forbes, further emphasizing their commitment to employee satisfaction and engagement.

Looking Ahead

In addition to its existing locations, Extra Space Storage added 297 new facilities to its portfolio in 2024 alone, showcasing its aggressive expansion strategy as it continues to build a legacy in the self-storage industry. Margolis expresses optimism for what the future holds, stating, “I am confident that we’ve got the best team in the industry to achieve long-term success. We’re not just moving forward; we are building our legacy for years to come.”

With its expanded footprint, Extra Space Storage is equipped to meet the growing storage needs of its customers, while continuously enhancing its service offerings, which include options for boat, RV, and business storage.

To learn more about careers and opportunities within Extra Space, you can visit their website at Extra Space Careers.

In conclusion, the announcement of reaching 4,000 stores marks not only a significant achievement for Extra Space Storage but also sets the stage for future growth and continued service excellence in the self-storage market.