{"id":103665,"date":"2020-03-23T06:25:37","date_gmt":"2020-03-23T13:25:37","guid":{"rendered":"https:\/\/www.rentcafe.com\/blog\/?p=103665"},"modified":"2020-03-27T04:18:03","modified_gmt":"2020-03-27T11:18:03","slug":"san-francisco-remains-countrys-expensive-self-storage-market","status":"publish","type":"post","link":"https:\/\/www.rentcafe.com\/blog\/self-storage\/san-francisco-remains-countrys-expensive-self-storage-market\/","title":{"rendered":"San Francisco Remains the Country\u2019s Most Expensive Self Storage Market"},"content":{"rendered":"

The average monthly rent for a standard 10X10 storage unit in San Francisco<\/a> was $254 this February, according to Yardi Matrix<\/a> data, which means that the city remains the country\u2019s most expensive self storage market. By way of comparison, the national average monthly rent was $114 this February for the same type of unit.<\/p>\n

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Low per-capita inventory the key factor behind high street rates<\/strong><\/h2>\n

San Francisco has a total inventory of 2.14 million square feet of rentable self storage space, which translates to about 2.43 square feet per capita. That\u2019s significantly lower than the national benchmark of 7 square feet of storage space per capita. The reduced inventory is one of the main factors influencing self storage street rates in San Francisco.<\/p>\n

Two new large-scale self storage facilities are planned to be built in San Francisco, adding another 620,000 square feet of space to the total inventory.<\/p>\n

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