Tampa Self Storage Market Statistics:

Rent Prices, Local Inventory and Development Trends (October 2023)

Self storage has become crucial for navigating major life events. It can be particularly useful for events such as moving, downsizing and when changes in household composition occur, as well as when engaging in home remodeling projects and organizational endeavors. Tampa offers plenty of self storage options to cater to all needs and budgets.

How much does a storage unit cost in Tampa, FL?

Currently, the average cost of a 10x10 storage unit in Tampa is $115/month, a decrease of 6.5% compared to last year. Nationally, self storage street rates for 10×10 non-climate-controlled units saw a 4.6% year-over-year decrease, registering an average of $124 in October, 2023.

Tampa self storage prices by unit size

Besides the standard 10x10 unit, the Tampa self storage market includes several other types of units that can vary in terms of size and amenities, and naturally, price.

For instance, a 5x5 self storage unit in Tampa rents for $43, while a 5x10 unit would cost $63/month. Average street rates for a 10x20 unit stand at $187/month. Non-climate-controlled units typically come with lower price tags than their climate-controlled counterparts of the same size.

Non-Climate-Controlled Units*
Unit Size Avg. Street Rate
5x5 $43
5x10 $63
10x10 $115
10x15 $152
10x20 $187
10x30 $259
Climate-Controlled Units*
Unit Size Avg. Street Rate
5x5 $50
5x10 $80
10x10 $136
10x15 $188
10x20 $247
10x30 $373

* Average monthly rates for Tampa in October 2023.

Average storage unit cost in Tampa by neighborhood

Self storage prices can vary depending on location as some neighborhoods might offer more budget-friendly self storage rates than others.

You can find cheap Tampa storage units in Macfarlane Park, where the standard self storage unit goes for $110/mo. on average, in Palmetto Beach, where renters pay $112/mo. on average, and in Fair Oaks - Manhattan Manor, where the average street rates hover around $113/mo.

If you’re looking for other great deals, check out self storage listings, and their average street rates, in Drew Park ($125) and Gandy - Sun Bay South ($127).

Other neighborhoods, on the other hand, come with higher street rates. The most expensive neighborhood in Tampa is North Hyde Park with a monthly average street rate of $226, followed by Riverfront.

Cheapest Neighborhoods for Self Storage
# Neighborhood Average Street Rate
1 Macfarlane Park $110
2 Palmetto Beach $112
3 Fair Oaks - Manhattan Manor $113
4 Drew Park $125
5 Gandy - Sun Bay South $127
Most Expensive Neighborhoods for Self Storage
# Neighborhood Average Street Rate
1 North Hyde Park $226
2 Riverfront $210
3 Plaza Terrace $206
4 Carver City - Lincoln Gardens $193
5 Sulphur Springs $188

Compare average storage prices in Tampa neighborhoods

Want to find the best self storage deals? Browse listings in your preferred Tampa neighborhoods and Tampa Zip Codes for more details on what’s available and compare rent prices, unit sizes and amenities.

How Tampa, FL, Self Storage Compares With Other Cities

How self storage costs in Tampa compare to prices in other nearby cities

Check out the table below to see how self storage in Tampa compares rent-wise to other places within a 50-mile radius.

# City Average Street Rate
1 Gulfport, FL $135
2 Largo, FL $134
3 St. Petersburg, FL $133
4 Clearwater, FL $122
5 Oldsmar, FL $120
6 Tarpon Springs, FL $115
7 Tampa, FL $115
8 Zephyrhills, FL $111
9 Pinellas Park, FL $104
10 San Antonio, FL $93

Average street rates for non-climate-controlled 10x10 units for October 2023.

How self storage costs in Tampa compare to rates in other sought-after cities in the US

Check out the table below to see how self storage rent in Tampa compares to other popular cities in the US.

# City Average Street Rate
1 New York City, NY $252
2 Las Vegas, NV $120
3 Phoenix, AZ $119
4 Austin, TX $115
5 Tampa, FL $115
6 Dallas, TX $111
7 Tucson, AZ $111
8 San Antonio, TX $109
9 Houston, TX $94
10 Indianapolis, IN $84

Average street rates for non-climate-controlled 10x10 units for October 2023.

Self storage market size in Tampa, FL

Tampa self storage market statistics

No. of self storage units approx. 9,859
No. of self storage facilities 109
Local self storage inventory (sq. ft.) 6,693,999
Self storage sq. ft. per capita 6.9
New self storage facilities set for delivery in 2023 2
New self storage supply set for delivery in 2023 (sq. ft.) 74,150
Average self storage rent in Tampa for a standard 10x10 unit $115

Tampa self storage construction trends

The self storage sector has maintained an active development pipeline in recent years. In 2022 alone, about 61,839 square feet of self storage space came online in Tampa, representing 0.9% of the existing inventory. Compared to the year before, self storage inventory in Tampa has increased by 0.9%.

Currently, there are 109 self storage facilities and approx. 9,859 storage units in Tampa. The local inventory encompasses 6,693,999 square feet of storage space, offering 6.9 square feet per capita.

A total of 74,150 square feet of self storage space is projected for completion in 2023, an increase of 19.9% compared to last year.

What’s driving demand for self storage?

Quick overview of the Tampa housing market

Total no. of households 153,163
Y-o-y change in no. of households 0.6%
Renter households in Tampa 76,505
Homeowner households in Tampa 76,658
Households with mortgages in Tampa 49,895
Median number of rooms (all housing units) 4.9
Average apartment size (sq. ft.) 925
Average home size (sq. ft.) 1,484
Average apartment rent $1,920
Median home value $292,900
Working from home (% of total working population) 6.8%

Self storage for residential clients: key facts and figures about the Tampa housing market

Generally associated with life events, the self storage industry is equipped to respond to people with changing housing situations, whether that means moving, downsizing, welcoming a new baby, or embracing multi-generational living. Lifestyle choices are also a demand driver for self storage, including preferences for snowbirding, digital nomading and RV travelling.

Looking at the type of residential customers that the Tampa self storage sector serves, it caters to both renters and homeowners, acting as extensions of their homes when living spaces are not big enough for the things people own.

Tampa is home to 76,505 renters and 76,658 homeowners. The average apartment size in Tampa is 925 sq. ft. and the average Tampa home size is 1,484 sq. ft.

Self storage for business

Alongside the residential sector, self storage responds to needs arising from conducting business. Entrepreneurs and small business owners, including brick-and-mortar retailers, can turn to self storage to store their merchandise all while keeping it accessible.

Legal and medical professionals often turn to self storage as they are generally required to keep hard copies of their records. Realtors and interior designers also find self storage particularly useful for temporarily storing staging furniture. Moreover, blue collar businesses can benefit from storing their heavy equipment and supplies close to their work site.

Self storage interest: How customers search for Tampa self storage

Interest for self storage has been growing over the last decade, as Google Trends data shows. We’ve looked at the most popular keyword used in conjunction with Tampa self storage-related searches, "self storage", to see the latest trends in consumer search habits. June, July and August are generally the most popular months for self storage searches.

Data Source:  Google Trends

Self storage market trends in cities

Where does our data come from?

All data related to self storage was compiled by StorageCafe, an online self storage search portal featuring nearly 27,000 listings across the U.S.

The self storage rental statistics on this page were sourced from our sister company, Yardi Matrix, the industry's most comprehensive market intelligence tool for investment professionals, equity investors, lenders and property managers who underwrite and manage investments in the multifamily, student housing, self storage, office and industrial sectors. Yardi Matrix maintains operational profiles for over 30,000 self storage facilities across the U.S.

Average home size data is from PropertyShark, while demographic data is from the latest U.S. Census Bureau release, the 2020 American Community Survey.