Buying in bulk is a great way to get a discount at a store. Is the same true for storage space?
Trove surveyed storage unit prices for over three hundred storage facilities in the San Francisco Bay Area. Here’s what we found:
There’s a dramatic markup in price for the smallest storage units. In fact, when renting 5×3 units, a storage customer can expect to pay nearly double what the average storage unit costs per square foot. At around 100 sq. ft., the equivalent of a 10′ x 10′ unit, the cost per square foot levels off. On a per square foot basis, space is cheaper when you get a larger unit.
What does this mean for you?
Renting one large storage unit is always going to be cheaper than renting multiple storage units. If you have your items spread across storage, you could save hundreds of dollars a year by consolidating into a larger storage unit or by moving in with Trove.