Manhattan in New York City recorded the largest number of self-storage sales in the nation in 2021, with residents of the city spending around $3 billion to keep their belongings. In the United States, the self-storage market has been expanding for decades. But especially in recent years, because of the pandemic. So, how much does a storage unit cost?
Nationwide, there are currently nearly 2 billion square feet of commercial storage space (or around 6 square feet per person), the majority of which is occupied. 10% of families in America rent some kind of self-storage space. The demand exceeds the supply in the city with the highest density of population in the United States.
Self-storage spaces in New York average 2.5 rentable square feet per person. Which is less than half the national average. Finding some additional space for your belongings in the Big Apple can be a bother whether you’re a New Yorker who has lived there all your life or a newcomer. And the price of storage isn’t cheap, like most things in NYC.
A 5×5-foot storage unit in NYC typically costs around $60 per month. It is around 25 square feet in size or the equivalent of a walk-in closet. A 10×10-foot unit costs, on average, about $250 per month (200 square feet, or enough room for a car). Nevertheless, the city is home to hundreds of storage facilities, so you can probably find one that suits your needs and is reasonably priced. The number of items you have, where and how you wish to store them, and the average cost you pay is all factors.
How Much Does Storage Unit Cost Monthly in New York City?
Being the global capital has its advantages, one of which is that NYC provides a variety of storage services. As a result, there is a wide range in monthly storage payment amounts based on many variables.
Your overall storage unit pricing will depend on several factors. Including the size of the storage unit, the length of the rental, amenities like temperature control, drive-up access, insurance, and so on. In Queens, a 1×2 foot locker for a few minor belongings costs about $15 per month. On the Upper West Side, though, a sizable climate-controlled storage space with all the bells and whistles may run you upwards of $1,500.
The Big Apple is also a sizable city with a landmass of 8.5 billion square feet. Location, location, location, then, is the single most important aspect that differentiates NYC storage pricing, just like it does with real estate.
For instance, a 10×10-foot self-storage space in Queens’ Long Island City typically costs roughly $225 per month to rent. Though officially outside of New York City, a comparable space in Jersey City will only cost you half as much. A nice one-bedroom apartment on Broadway in the Bronx can cost more to rent than 100 temperature-controlled square feet in Broadway, Manhattan.
Average Manhattan Storage Price
Be prepared to spend anywhere between $225 and $500 each month. Especially if you want to store your belongings in the most sought-after and pricey borough of New York. A non-climate-controlled flat will cost about $400 per month on average.
Brooklyn’s Average Storage Cost
Brooklyn is often less expensive than Manhattan, though certain areas are catching up. However, because it is three times larger, storage costs may be considerably lower. You can get a 10×10-foot area for between $200 and $300 per month if you look around.
Queens’ Average Storage Cost
Given that Queens is by far the largest of the five boroughs, there is a wide range in the price of self-storage facilities. Overall costs are comparable to those of nearby Brooklyn, however, in more rural locations you can find nice apartments for $150-200 a month.
Cost of Storage on Average in the Bronx
The Bronx offers the most economical storage due to its proximity to Manhattan. You can locate 10×10-foot flats for about $100 per month, depending on the area.
The Amount of Storage Unit
The size of a unit might be anything from a box to a three-car garage. If your one-bedroom apartment isn’t overly cluttered, a 10×10-foot storage space should be adequate to hold everything. However, 10×20 feet can typically hold most of the belongings of a four-bedroom house. Additionally, prices rise with unit size.
Location
In the Big Apple, location matters a lot. Generally speaking, unit storage costs decrease the farther you are from the epicenter (i.e., downtown Manhattan). However, such isn’t always the case based on the facility, its particular location, amenities, etc.
Period
The majority of businesses rent on a month-to-month basis. However, there is no set minimum for storage rentals. Nevertheless, long-term (months or years) rentals typically result in reductions. Depending on how long you want to rent from them, some businesses will waive the first month. Additionally, there is typically no time restriction, allowing you to store your stuff permanently (with monthly payments automatically deducted from your credit card, for example).
Security Options
The safety culture varies depending on the storage facility. Your entire storage unit cost will depend on the level of protection (such as alarms, round-the-clock surveillance, security personnel, etc.).
Insurance
Insurance is always a wise choice, no matter how secure the situation is. Many businesses will include it in their storage packages, however with other businesses you could have to pay extra for it.
Make a Storage Plan
Moving and self-storage sometimes go hand in hand. And local expert movers may be very helpful when it comes to planning both.
We have experience with all aspects of moving, from packing to pick-up to delivery, and we’ll work to make the process as stress-free as we can. Examine the storage alternatives offered by Dream Moving and make contact with a no-cost relocation estimate.
