Virginia Beach Self Storage Market Statistics:

Rent Prices, Local Inventory and Development Trends (August 2022)

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. Virginia Beach offers plenty of self storage options to cater to all needs and budgets.

How much does a storage unit cost in Virginia Beach, VA?

Currently, the average cost of a 10x10 storage unit in Virginia Beach is $113/month, an increase of 3.7% compared to last year. Nationally, self storage street rates for 10×10 non-climate-controlled units saw a 1.5% year-over-year increase, registering an average of $132 in August, 2022.

Virginia Beach self storage prices by unit size

Besides the standard 10x10 unit, the Virginia Beach 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 Virginia Beach rents for $53, while a 5x10 unit would cost $76/month. Average street rates for a 10x20 unit stand at $162/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 $53
5x10 $76
10x10 $113
10x15 $138
10x20 $162
10x30 $214
Climate-Controlled Units*
Unit Size Avg. Street Rate
5x5 $69
5x10 $101
10x10 $143
10x15 $182
10x20 $226
10x30 $306

* Average monthly rates for Virginia Beach in August 2022.

Average storage unit cost in Virginia Beach 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 Virginia Beach storage units in Lakeview Estates, where the standard self storage unit goes for $86/mo. on average, in Lake Front Village, where renters pay $94/mo. on average, and in Bayville Park, where the average street rates hover around $118/mo.

If you’re looking for other great deals, check out self storage listings, and their average street rates, in Beacons Reach ($119) and Fair Meadows - Boulevard Manor ($124).

Other neighborhoods, on the other hand, come with higher street rates. The most expensive neighborhood in Virginia Beach is The Point with a monthly average street rate of $487, followed by Castleton.

Cheapest Neighborhoods for Self Storage
# Neighborhood Average Street Rate
1 Lakeview Estates $86
2 Lake Front Village $94
3 Bayville Park $118
4 Beacons Reach $119
5 Fair Meadows - Boulevard Manor $124
6 Fairways - Kempsville Greens $128
7 Acredale $129
8 Alexandria $129
9 Larkspur $130
10 Diamond Springs Homes $130
Most Expensive Neighborhoods for Self Storage
# Neighborhood Average Street Rate
1 The Point $487
2 Castleton $303
3 Fairfield $250
4 Upton Estates $220
5 Eureka Park $198
6 Solartown $195
7 Woodscape - Larkspur Townhomes $189
8 Aeropines Golf Club $184
9 Brenneman Farm $182
10 Princess Anne Plaza $180

Compare average storage prices in Virginia Beach neighborhoods

Neighborhood prices
Whether you'd prefer a storage unit near your home, your office or somewhere else in the city, you can compare two of your preferred neighborhoods by selecting them on the left.
Virginia Beach avg. rent
Neighborhood #1
Neighborhood #2

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

How Virginia Beach, VA, Self Storage Compares With Other Cities

How self storage costs in Virginia Beach compare to prices in other nearby cities

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

# City Average Street Rate
1 Hampton, VA $132
2 Yorktown, VA $119
3 Chesapeake, VA $116
4 Newport News, VA $114
5 Virginia Beach, VA $113
6 Portsmouth, VA $108
7 Norfolk, VA $105
8 Suffolk, VA $103

Average street rates for non-climate-controlled 10x10 units for August 2022.

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

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

# City Average Street Rate
1 New York City, NY $262
2 Las Vegas, NV $132
3 Phoenix, AZ $129
4 Austin, TX $127
5 Tucson, AZ $124
6 Dallas, TX $121
7 San Antonio, TX $116
8 Virginia Beach, VA $113
9 Houston, TX $101
10 Indianapolis, IN $92

Average street rates for non-climate-controlled 10x10 units for August 2022.

Self storage market size in Virginia Beach, VA

Virginia Beach self storage market statistics

No. of self storage units approx. 5,834
No. of self storage facilities 76
Local self storage inventory (sq. ft.) 5,771,912
Self storage sq. ft. per capita 12.8
New self storage facilities set for delivery in 2022 1
New self storage supply set for delivery in 2022 (sq. ft.) 40,486
Average self storage rent in Virginia Beach for a standard 10x10 unit $113

Virginia Beach self storage construction trends

The self storage sector has maintained an active development pipeline in recent years.

Currently, there are 76 self storage facilities and approx. 5,834 storage units in Virginia Beach. The local inventory encompasses 5,771,912 square feet of storage space, offering 12.8 square feet per capita.

A total of 40,486 square feet of self storage space is projected for completion in 2022.

What’s driving demand for self storage?

Quick overview of the Virginia Beach housing market

Total no. of households 170,798
Y-o-y change in no. of households 0.9%
Renter households in Virginia Beach 61,983
Homeowner households in Virginia Beach 108,815
Households with mortgages in Virginia Beach 82,583
Median number of rooms (all housing units) 6.1
Average apartment size (sq. ft.) 974
Average home size (sq. ft.) 1,739
Average apartment rent $1,583
Median home value $279,000
Working from home (# of total working population) 4.5%

Self storage for residential clients: key facts and figures about the Virginia Beach 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 Virginia Beach 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.

Virginia Beach is home to 61,983 renters and 108,815 homeowners. The average apartment size in Virginia Beach is 974 sq. ft. and the average Virginia Beach home size is 1,739 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 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 more than 25,000 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 29,000 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 2019 American Community Survey.