There are a lot of factors and variables that determine the pricing of a storage locker
- Indoor heated lockers will cost more than exterior unheated shed lockers of the same size.
- Wire cage lockers are less expensive than fully enclosed private lockers.
- Discounts can be very deceptive. To calculate the real cost of a locker, determine what the annual cost would be. In another word, if the advertised costs show the first 4 months are free, divide the last 48 month’s rent by 12 and see how it compares to other locker rents of the same size. Also, if a discount is offered make sure you are not locked into a longer term than you need.
- Your specific needs will help determine the type of locker you will want.
- Supply and demand also come into play in pricing. If there is a glut of available lockers you may be able to negotiate a discount. If there is a shortage of lockers, you may want to commit quickly so that you know you have a locker when you need it.
- Some facilities offer a discount if you prepay the rent for a year. If you vacate sooner than the term you agreed to, most companies will cancel any discount.
- Take travel time to and from the locker into consideration
David W. Palmer, CPM, FRI
Downtown Self Storage