Where are the self-storage bargains? – News from Mercury

“Cheap California” examines different slices of the state’s economy based on price.

Buzz: Need a cheap storage locker? Look inland.

Source: My trusty spreadsheet analyzed a report on self-storage unit prices in 32 major California cities by StorageCafe and Yardi, looking at “street rates” in December and the year-over-year change.

Topline: Bakersfield (average $85 per square foot), San Bernardino ($104), and Fresno ($116) were the least expensive. Bakersfield (+5.7%), Fresno (+4.1%) and Santa Clarita (+2.2%) recorded the largest price increases in 2022.

San Francisco ($264), Los Angeles ($253), and Salinas ($199) housed the most expensive storage units. Modesto (off 9.7%), San Bernardino (off 9.6%) and Ontario (off 7.4%) saw the largest price declines.

The national average for a standard 10 square foot unit is $126.

Conclusion : California’s 19 price drops in 2022 may be tied to new supply entering the market and shifting demand as part of a return to more “normal” post-pandemic life. Nationally, rates fell 2.3%. California’s median decline was 1.9%.

Numbers

How prices vary across the state…

1. Bakerfield: $85 – up 5.7% year over year, #1 gain.

2. St. Bernardine: $104 – 9.6% off in one year, gain #31.

3.Fresno: $116 – up 4.1% year over year, gain #2.

4. Stockton: $130 – 6.6% off in one year, gain #29.

5. Modest: $132 – 9.7% off in one year, gain #32.

6. Lancaster: $133 – by 2.3% in one year, gain #18.

6. Palmdale: $133 – by 6.3% in one year, gain #26.

8. Riverside: $135 – up 0.9% YoY, gain #10.

9. Fountain: $136 – 5.3% off in one year, gain #23.

10. Moreno Valley: $139 – up 1.9% year over year, gain #5.

11. Sacramento: $146 – 6.3% off in one year, gain #26.

12. Moose Grove: $147 – 5.6% off in one year, gain #24.

13. Ontario: $154 – 7.4% off in one year, gain #30.

14.Oxnard: $164 – up 1.6% year over year, gain #7.

14. Irvin: $164 – 1.6% off in one year, gain #16.

16. Ocean side: $165 – 4.5% off in one year, gain #22.

17. Fremont: $170 – up 1.5% year over year, gain #8.

18. San Jose: $171 – 1.5% off for one year, win #15.

19. Hayward: $172 – up 2% year over year, gain #4.

20. Rancho Cucamonga: $176 – up 1.9% year over year, gain #5.

21. Chula Vista: $179 – 3.2% off in one year, gain #19.

22. Sainte-Rose: $180 – 6.4% off in one year, gain #28.

23. San Diego: $183 – up 0.3% year over year, gain #12.

24. Santa Ana: $185 – up 0.1% year over year, gain #13.

25. Huntington Beach: $187 – up 1% year over year, gain #9.

26. Anaheim: $190 – 0.1% off in one year, gain #14.

27. Long Beach: $191 – up 0.8% year over year, gain #11.

28. Santa Clarita: $195 – up 2.2% year over year, gain #3.

29.Oakland: $197 – 6% off in one year, gain #25.

30. Salinas: $199 – 4.2% off in one year, gain #21.

31. LA: $253 – by 2.2% in one year, gain #17.

32. San Francisco: $264 – 3.7% off in one year, gain #20.

Jonathan Lansner is the business columnist for the Southern California News Group. He can be contacted at jlansner@scng.com