Houston Self Storage Market Trends 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. Houston offers plenty of self storage options to cater to all needs and budgets.

How much does a storage unit cost in Houston, TX?

Currently, the average cost of a 10x10 storage unit in Houston is $96/month, a decrease of 2% compared to last year. Nationally, self storage street rates for 10×10 non-climate-controlled units saw a 3.1% year-over-year decrease, registering an average of $126 in February 2023.

Average Storage Unit Cost in Houston 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 Houston storage units in Woodedge Village, where the standard self storage unit goes for $86/mo. on average, in Fairbanks - Northwest Crossing, where renters pay $93/mo. on average, and in Hambledon, where the average street rates hover around $94/mo.If you’re looking for other great deals, check out self storage listings, and their average street rates, in Beechnut ($97) and Woodforest ($102).

Other neighborhoods, on the other hand, come with higher street rates. The most expensive neighborhood in Houston is Midtown Houston with a monthly average street rate of $254, followed by Greater Eastwood.

Houston Self Storage Construction

The self storage sector has maintained an active development pipeline in recent years. In 2022 alone, about 262,059 square feet of self storage space came online in Houston, representing 1% of the existing inventory. Compared to the year before, self storage inventory in Houston has increased by 1%.

Currently, there are 396 self storage facilities and approx. 26,558 storage units in Houston. The local inventory encompasses 26,606,363 square feet of storage space, offering 6.7 square feet per capita.

A total of 382,459 square feet of self storage space is projected for completion in 2023, an increase of 45.9% compared to last year.

Source: Storage Cafe 2023