SSSE’s core values are Fun, Integrity, Drive, and Others-First. As part of our commitment to Others-First, we strive to educate our investors, partners, and the general public about self storage. The Roman philosopher Seneca once said, “Luck is what happens when preparation meets opportunity”. This Frequently Asked Questions page is to serve as preparation for anyone interested in learning more about self storage and SSSE. The opportunities come when you sign up for SSSE’s investors list or buyers list by clicking the links in our menu bar. We hope to be lucky enough to work together.
If there are any questions that you have that are not answered below, please contact info@ssse.com
What is the average rental rate for a self-storage unit?
The average rental rate for a self-storage unit varies greatly depending on factors such as location, unit size, and market conditions. On a national level, the average monthly rental rate for a standard 10x10 self-storage unit ranges from $50 to $200, with rates tending to be higher in urban areas and lower in rural areas. It is important to note that rental rates can fluctuate and can be affected by supply and demand, local economic conditions, and competition in the area.
According to Radius+, as of Q2 2022, historical national rental rates for non-temperature controlled units were as follows:
$56.65 for 5’x5’
$78.32 for 5’x10’
$120.13 for 10’x10’
$152.40 for 10’x15’
$177.45 for 10’x20’
As of Q2 2022, historical national rental rates for temperature controlled units were as follows:
$66.02 for 5’x5’
$98.83 for 5’x10’
$155.68 for 10’x10’
$203.77 for 10’x15’
$268.99 for 10’x20’