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Self Storage Pricing Calculator

Work out self storage pricing instantly with clear inputs, formula shown and shareable results.

About Self Storage Pricing Calculator

Self-storage pricing is set per square foot and adjusted for facility occupancy, since high occupancy justifies a premium and low occupancy calls for discounting. Introductory discounts are recovered over a long average tenancy, which is why the first-year effective rate matters more than the headline.

Formulas

Standard rate

Standard = Unit size x Rate per sq ft x (1 + (Occupancy % - 85) / 150)

Promotional rate

Promotional = Standard rate x (1 - Discount %)

Worked example

With the default values below, Self Storage Pricing Calculator returns Standard monthly rate of $2,856.00. Change any input above and every figure here is recalculated in your browser.

Inputs used

Unit size
100 sq ft
Market rate per square foot per month
28
Facility occupancy
88
Introductory discount
50

Results

Standard monthly rate
$2,856.00
Promotional monthly rate
$1,428.00
First-year revenue (two promotional months)
$31,416.00
Effective rate per square foot per month
$26.18

Step by step

  1. 1Values used
  2. 2Standard rate
  3. 3Promotional rate
  4. 4Standard monthly rate= 2,856.00
  5. 5Promotional monthly rate= 1,428.00
  6. 6First-year revenue (two promotional months)= 31,416.00
  7. 7Effective rate per square foot per month= 26.18

Assumptions and limits

  • The result is derived only from the 4 inputs listed above. Anything not among them is not part of the calculation.
  • In particular, this calculator does not take inflation, tax, fees or charges or compounding frequency into account.
  • Figures are rounded for display to 2 decimal places, so totals built from several rounded parts can differ slightly from the unrounded arithmetic.

How these calculators are built and tested is described on the Methodology page. If a figure looks wrong, please report it.

Frequently Asked Questions

Why do introductory discounts work in storage?

Because average tenancy runs well over a year, so two discounted months are recovered many times over. Move-in friction also makes customers reluctant to relocate.

Should small units cost more per square foot?

Yes, and they normally do. Fixed costs per unit — door, lock, admin — are the same regardless of size.

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