StorageMart Acquires 1.3 Million Rentable Square Feet in NYC

Second-largest self-storage transaction in New York City history

Jan. 28, 2026 at 10:47am

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StorageMart, a leading self-storage company, has acquired a portfolio of 15 self-storage properties across New York City, totaling approximately 1.3 million net rentable square feet. This transaction marks the second-largest self-storage acquisition in New York City history, further solidifying StorageMart's position as the largest privately-owned self-storage company in the world.

Why it matters

The acquisition reinforces StorageMart's long-term commitment to New York City and its confidence in the strength of the self-storage sector and the city's enduring demand fundamentals. It also continues the company's strategic expansion and growth, as it aims to provide clean, secure, and friendly service to customers worldwide.

The details

The portfolio includes locations in Manhattan, Staten Island, Brooklyn, and Queens, and is comprised of 25,498 storage units and 121 parking spaces. With this acquisition, StorageMart will bring its total portfolio to approximately 354 locations across 3 countries and will surpass the major milestone of $10 billion in assets under management.

  • StorageMart acquired the Manhattan Mini Storage platform in 2021.
  • The latest acquisition was announced on January 28, 2026.

The players

StorageMart

A longtime leader in the self-storage industry and the largest privately-owned self-storage company globally.

Alex Burnam

StorageMart's Senior Vice President of Real Estate Acquisitions.

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What they’re saying

“This acquisition reinforces our long-term commitment to New York City and our confidence in both the strength of the self-storage sector and the city's enduring demand fundamentals.”

— Alex Burnam, Senior Vice President of Real Estate Acquisitions (GLOBE NEWSWIRE)

What’s next

With this acquisition, StorageMart will continue to expand its presence in the New York City metropolitan area, further solidifying its position as a leading player in the self-storage industry.

The takeaway

StorageMart's strategic acquisition in New York City highlights the resilience and growth potential of the self-storage sector, even in highly competitive urban markets. The company's commitment to sustainability, community engagement, and innovation sets it apart as it continues to redefine the self-storage experience.