Opening a self-storage facility requires meticulous planning, and many entrepreneurs looking to enter the industry wonder how many storage units their facilities should feature. Several key factors should help you decide this, including market demand, the size of the storage units you plan to offer, and the size of your land parcel itself. Let’s say you’re working with a 2-acre property, which spans about 87,120 square feet. For example purposes, if you’re looking to offer each renter a 10’x15’ storage unit, which is a popular mid-range unit size, you can reasonably fit somewhere around about 100 storage units on your land.
While a 2-acre plot of land has about 87,120 square feet of space, not all of that land can house storage units. You also need to designate space on the property for driving, parking, fencing, stormwater runoff and so on. The actual amount of space on your property occupied by storage units is your “coverage rate,” and most self-storage businesses have coverage rates that fall somewhere between 30% and 50%.
Keep in mind, too, that cramming as many storage units as possible onto your property is not always the best option. Generating a site plan ahead of time should give you a strong sense of how many storage units you can realistically expect renters to occupy at any given time.
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