SpareFoot, an online marketplace for self-storage consumers, has surpassed $1 billion in revenue generated for storage operators since launching in August 2008. Through nine years of operation, consumers using the SpareFoot platform have rented more than 95 million square feet of storage space, according to company officials.
Based on an average storage-unit height of 8 feet, SpareFoot estimates users have rented more than 765 million cubic square feet of space. “To put it in perspective, our customers have rented enough space to fill the equivalent of more than 20 Empire State Buildings,” CEO Chuck Gordon said in a company blog post.
The SpareFoot online platform allows consumers to compare pricing and services offered by moving, self-storage, valet-storage and vehicle-storage businesses. The company’s listings include more than 4,000 U.S. cities and 12,000 storage facilities.
SpareFoot.com helps consumers find and reserve self-storage units, with comparison shopping tools that show real-time availability and exclusive deals. With a network of more than 12,000 storage facilities ranging from mom-and-pop operations to real estate investment trusts, the company reaches prospective storage renters though partnerships with brands including SelfStorage.com and Penske Truck Rental.
- SpareFoot Storage Beat: SpareFoot Generates $1 Billion in Revenue for Storage Clients