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Self storage (a shorthand for "self-service storage") is an industry that rents storage space (such as rooms, lockers, containers, and/or outdoor space), also known as "storage units," to tenants, usually on a short-term basis (often month-to-month). Self-storage tenants include businesses and individuals.
Tenants are usually charged a fine for pickup and delivery, as well as a monthly fee for the storage at self-storage facilities. As prices for the small storage bins range between $5 and $10 per unit, they are increasingly becoming a popular storage option in both consumer and commercial applications. [6]
The units were rented for a similar price per square foot as apartments or office space, but cost 35 to 50 percent less to build and maintain. [6] [7] A property management subsidiary called Public Storage Management Inc. was formed in 1973. [7] [9] By 1974, 20 locations had been built. [7] [8]
Like maintenance costs, food costs vary from month to month. One way to estimate a monthly cost for food is by averaging out food expenses over the past year. Food costs are a good place to start ...
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