Extra Space Storage, the industry leader in acquisitions and property management,
SALT LAKE CITY, Oct. 29, 2024 /PRNewswire/ -- Extra Space Storage
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If you''re looking for a bit of additional storage space and prioritize low prices and high availability over anything else, Extra Space Storage may be the company for you. The business offers well-secured, affordable storage units at locations all over the U.S. Our full review covers the pros and cons, costs and features Extra Space Storage offers.
With more than 2,000 locations, Extra Space Storage is the second largest storage unit company in the country. If you live in or near a metropolitan area, you can easily locate a facility nearby. Security measures are standard in every facility and include video surveillance, alarms and resident property managers. Unit sizes are standard for the industry.
Whether you’re storing things to sell or receiving items for work, Extra Space Storage shines when it comes to business storage. The company has made efficient commercial storage a priority with warehouses and flexible office spaces. Booking online is cheaper than calling or visiting Extra Space Storage, so use a computer to make your reservation.
Extra Space Storage offers a significant variety of storage sizes compared to its competitors. With eight sizes of storage spaces, with or without climate control, customers can find whatever size they need. Sizes offered by Extra Space Storage include:
On top of a wide variety of sizes, Extra Space Storage includes numerous additional features, some of which you won''t find with other storage facilities:
One of the key reasons Extra Space Storage tops our list is its low cost and wide availability. While you may find lower prices with local businesses, Extra Space has, on average, the lowest price in the self-storage industry compared to other nationwide chains. The company''s average storage cost of $160 is $30 less than the national average $190. Extra Space Storage''s average costs by unit size are:
Another factor driving cost is the location of the unit. Indoor, climate controlled units will be more expensive than exterior units, which may only be protected by an exterior gate around the complex. Keep in mind that "climate controlled" does not necessarily guarantee your belongings will be kept at a perfect temperature and may mean minimal air conditioning depending on the location.
Finally, Extra Space Storage, like most storage facilities, is constantly offering new and changing promotions which may offer discounted or even free months in exchange for sign-up. Keep in mind most companies will offer huge discounts for the first two to six months and then will quickly up the cost once your belongings are safely locked up. Clauses allowing them to hike the price should all be in the contract beforehand, but it''s something to keep in mind before you sign.
Here’s a look at how Extra Space Storage stacks up with other major players in the self-storage space:
Extra Space Storage may be a great choice if you''re looking for the lowest prices and a company with the biggest presence, but the company also consistently features the poorest reviews compared to its competitors. Despite these poorer reviews, customers continue flocking to the low prices as evidenced by Extra Space having nearly 10 times as many reviews as other companies. If you aren''t too worried about low customer reviews, it may be an option for you.
The specific location you choose will matter, so look for hyper local reviews of your local Extra Space Storage—these might tell you a bit more about the specific business practices employed at that location.
To determine this ranking, the Forbes Home editorial team analyzed third-party data on dozens of self-storage companies, with each company''s star rating determined by evaluating a variety of metrics, including:
Extra Space Storage boasts over 2,000 locations across 41 states (and Washington, D.C.), making it the second-largest storage company with 150 million square feet of storage space.
The company is headquartered in Cottonwood Heights, Utah, but operates storage facilities in 41 states all over the country.
Renting an Extra Space Storage unit costs about $160 a month, and about $10 more with climate control.
Extra Space Storage uses the industry’s most popular lock, the disc lock, which is small and advertised as theft-resistant.
Extra Space Storage has won NAREIT''s Leader in the Light Award for superior and sustained sustainability efforts in 2020, 2021 and 2022.[6] The company has solar installations at many of its properties and was listed on the "Top 25 Corporate Users by Number of Solar Installations" by the Solar Energy Industries Association.[7]
Extra Space Storage is a top contender for the most popular self storage provider in the country—and for good reason. Since 1977, Extra Space Storage has been exceeding customer expectations with flexible leases, reliable on-site security, and comprehensive business storage options. And while their prices can get a little steep (especially for medium and large units), with more than 2,000 facilities, 1.4 million storage units, and 152.6 million square feet of rentable storage space, if you have storage needs there is a good chance that Extra Space Storage can help you out with a solution.
So, is Extra Space Storage the way to go? Here''s what to know about Extra Storage Space prices, locations, unit sizes, amenities, and more so that you can decide on your own whether you should rent your next storage unit with the company.
Extra Space Storage is a good choice for business storage, with some locations offering both warehouse storage for business needs and wifi-enabled on-site business centers so you can get work done without having to run back to the office. Other perks, like free use of dollies at most locations makes the whole process easier for businesses and general consumers alike. As for the disadvantages, Extra Space Storage is unlikely to be your cheapest option for medium and large storage units, nor is your price guaranteed month after month. So while you can cancel your storage lease at any time, you also don''t have the protection of a locked in rate.
How much does Extra Space Storage Storage cost? That will depend on a number of factors, including your location and the size storage unit that you require. We found prices to vary quite a bit based on locality alone, with a small unit in Chicago running around $70 per month and the same size unit running closer to $120 per month in Los Angeles.
When accounting for differences between the high-cost areas and the low-cost areas, we found an average price of $58 per month for a small unit, $149 per month for a medium unit, and $280 per month for a large unit.
Note that these prices include the web discount, and Extra Space Storage rates were much higher for off-line bookings (an average of $75 per month for a small unit, $181 per month for a medium unit, and $341 per month for a large unit). Likewise, even within the same locations, prices varied heavily from facility to facility—sometimes by as much as several hundred dollars. In addition to making sure that you only book an Extra Space Storage storage space online, do plenty of comparisons between facilities in your area so that you can be sure to get the best deal.
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