Skip to content
Homepage
  • Market
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Sector
    • CRE
    • Education
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Events
  • Real Estate Awards
  • Subscribe
  • Publications
MidwestCRE

Self-storage rents on the rise across United States

Dan Rafter March 1, 2018
Share on Facebook Share on Twitter Share on LinkedIn Share via email

One of the most consistently reliable commercial real estate investments? Self-storage units. And a new study showing how much Americans are willing to spend on these units each month shows just how solid this investment type can be.

How expensive is it for Americans to store their old dressers, China sets and record players? A new study by Life Storage found out.

According to Life Storage, the average cost to rent a 10-foot-by-10-foot storage space in the United States for a month is $111.99.

Life Storage calculated this information by looking at the pricing numbers from the four largest self-storage companies in the country, Life Storage, CubeSmart, Extra Space and Public Storage.

Storage rates do vary, though, across the country. It’s most expensive to rent storage space in New York state. In Syracuse, New York, for instance, the average climate-controlled 10-by-10 storage space costs $162 a month, while a standard 10-by-10 storage space rents for an average of $125 a month.

A Midwest state, though, has some of the most affordable rates, acording to Life Storage. In Columbus, you can rent a standard – non-climate-controlled – 10-by-10 space for an average of $81 a month. And in Toledo, you can rent a standard 10-by-10 storage space for an average of $90 a month.

In Dayton, Ohio, you can rent a standard 10-by-10 space for the low cost of $69 a month. While in Cincinnati, that same space rents for an average of $95 a month.

Of course, not all self-storage rents in the Midwest are similarly low. In Chicago, a standard 10-by-10 space costs an average of $112 a month, while a climate-controlled space of the same size will rent for $131 a month on average.

And in Saint Paul, Minnesota, self-storage rents are quite high, $120 a month for standard 10-by-10 spaces and $144 for that same space in a climate-controlled version.

The lesson here? People are willing to pay good money each month to store their excess stuff. And as long as they are willing to do that, self-storage facilities will remain a solid investment for CRE pros.

Interested in self-storage rents acorss the country? Check out this interactive map from Life Storage.

 

Tags
ChicagoCincinnatiColumbusDaytonIllinois. Saint PaulLife StorageMinnesotaOhioself-storage
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
TexasOffice

JLL Capital Markets closes sale of 106,310-square-foot office building in Houston

July 18, 2025
WisconsinMultifamily

McShane Construction Company to build 76-unit affordable-housing development in Madison

July 18, 2025
TexasRetail

Adolfson & Peterson Construction to renovate former Oak Lawn Design Plaza in Dallas

July 18, 2025
IllinoisHealthcare

NAI Hiffman brokers long-term lease renewal for 174,855-square-foot medical office building in New Lenox

July 18, 2025

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Education
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Events
  • Office Locations
  • Advertise
  • Terms and Conditions
  • Contact
© 2025 REjournals.com