The self storage industry ended 2020 on an upward trend, showing more resilience than other real estate sectors in the face of pandemic-induced challenges. The national average street rate for a 10×10, non-climate-controlled unit stood at $118 this January, as Yardi Matrix data shows, representing a 4% growth year-over-year.
Most of the country’s largest metro areas have seen increases in 2020, with the Philadelphia and Boston markets in the lead, both seeing local street rates grow a healthy 6% year-over-year. Rent growth was negative in only a couple of cities, including Nashville where rates went down 1%, and Minneapolis at-2%.
In Florida’s case, self storage street rates are either on an upward path or stagnant y-o-y, with one exception — Tallahassee.
Tallahassee residents enjoy lowering self storage street rates — unlike the rest of Floridians
The average street rate for a 10×10 storage unit in Tallahassee was $97 this January, representing a 3% decrease year over year. Not only does the 385k-resident-strong metro enjoy lowering rates, but it also has one of the most affordable self storage markets in Florida.
The only area in the state where self storage rents are slightly lower than in Tallahassee is North Central Florida, with average rents at $96 this January. In this case, however, the rents are actually climbing — up nearly 8% year over year. Pensacola and Jacksonville are also registering self storage monthly rates close to but under the $100 mark, with the January year-over-year growth rate at 5% and 4%, respectively.
The most expensive local self storage market in Florida is Fort Lauderdale, mostly due to limited inventory levels. There is about 15 million square feet of rentable storage space, which translates into 2.6 square feet per capita — less than half the national benchmark of 7 square feet per capita. The average monthly street rate for self storage space in Fort Lauderdale was $147 in January, representing a robust 4% increase year-over-year.
Tallahassee, on the other hand, is well supplied, and this is reflected in the area’s self storage costs. There are currently 77 self storage facilities in Tallahassee, totaling about 2.6 million square feet of total rentable square feet of storage space. The inventory translates to almost 7 square feet per capita, which is in line with the national benchmark. An additional 55,000 square feet of space is planned to be delivered by the end of 2021.
Development activity in Tallahassee was consistent over the past few years, bringing supply and demand into relative balance. Total completions from 2016 to 2020 represented 250,000 square feet of storage space added to the metro’s total inventory. The most active year for new completions was 2018, with more than 140,000 square feet of storage space delivered.
The least active year was 2019, when only a little over 8,000 square feet of new storage space was constructed. Despite pandemic-related difficulties, 2020 has seen the addition of over 60,000 square feet of storage space to the Tallahassee market.
Long-term trends signal positive outlook for the self storage sector in Tallahassee
Although showing a mild decrease y-o-y, self storage street rates in Tallahassee increased by 27% over the past five years, from around $77 per month back in 2016 to the current rate of $97 per month. This slow and steady evolution spells good news for storage property owners, as far as market potential goes. With the metro area’s population projected to grow to almost 430,000 residents by 2025 and the employment market on the rebound, the self storage sector’s perspectives appear positive in Tallahassee.
Sweatshirt Storage Ideas Worth Keeping Up Your Sleeve
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Living Room Storage Ideas: 28 Ways to Reclaim Your Hosting Space
If a living room is where most of a household’s living happens, good storage should be the top priority for setting up or revamping the place. After all, think of how easier it would be to have people over when tidying up the place is just a matter of putting things in their right place (in a time when fewer and fewer people are entertaining friends at home(opens in new tab)). The trick is making room for all those wayward clothes, blankets, chargers and other small things that end up on (or, inexplicably, in) the sofa. Here are 28 living room storage ideas to get you started and make tidying up a quick affair.
25 Mudroom Storage Ideas (And Mistakes to Avoid)
When you come home with muddy boots, an armful of bags and a coat you can’t wait to take off, it’s nice to have somewhere to put it all. With a mudroom, you can leave the outdoor mess at the door instead of carrying it through the house. Traditionally, you’d set aside a separate room, but you can just as easily use a hallway, an entryway closet, a laundry-room corner or a stretch of wall near the entrance.
Is Your Home Office Worth the Rent? What Coworking and Self Storage Could Save You
Every square foot of your apartment comes with a price tag, and a home office claims more of them than most renters expect. It starts with a desk. Then come the second monitor, the printer, the filing cabinet and the overflow boxes. Before long, the corner you set aside for work has turned into a small room you are paying for every month.
Best U.S. Cities to Live Uncluttered: Plano, TX, Offers the Most Room to Breathe
Clutter is in our homes as much as in our heads. Both are shaped by where we live.
America’s Top Snowbird Destinations for 2026–2027: Florida Leads in Numbers, Texas Wins on Value
For Americans living in colder states, the approach of winter is reason enough to start looking south. Cold weather carries costs that go beyond the heating bill and shoveling snow. Seasonal affective disorder(opens in new tab) is far more prevalent in northern states, so a temporary move south isn’t simply an escape from the cold, but a chance to spend the hardest stretch of winter outdoors and in the sun.
How Much Does Halloween Really Cost in 2026? Plan Wisely to Avoid the Scare of Hidden Costs
Americans’ love for Halloween is almost frightening — this year alone, we are on our way to spending $13.5 billion, according to data from the National Retail Federation(opens in new tab). That breaks down to about $115 Halloween costs per person, a whopping 49% more than 10 years ago.
How to Store LEGOs: All the Fun, None of the Clutter
How to store LEGOs largely comes down to how your household uses them. If the bricks are part of everyday play, you need a setup that keeps them within easy reach and makes cleanup quick (for your feet’s sake, at least). Toy storage(opens in new tab) such as simple bins, playmats or containers that children can put away themselves may be enough. Larger or more serious collections usually need more organization, such as labelled drawers for loose pieces, trays for unfinished builds, shelves for completed models and separate storage for retired sets.
Cardboard Costume Guide: Tips and Ideas for a DIY Halloween
Whether for kids or adults, cardboard costume ideas often make the biggest splash once materialized, and that’s for a simple reason: doing a lot with a little is a universally impressive feat (especially in this economy). If you don’t have enough boxes you could temporarily repurpose, don’t worry! There are many places where you can find free moving boxes(opens in new tab), from stores and supermarkets to online groups and recycling drop-off spots. On the run? Try your luck at a self storage(opens in new tab) facility that sells moving supplies, often for cheap. This way, you can choose moving boxes of different shapes and sizes(opens in new tab), so you can make your costumes as complex as you want.