How Much Is Storage Per Month in London?
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The average monthly price to rent a London storage unit is around £3-4 per square foot. So, for a storage unit of 25 square feet you would be looking to pay around £83 per month.
However, within London there is a lot of variation. Here, we discuss the different factors affecting London storage prices and explore cheaper alternatives.
Here is a quick summary of the prices:
Unit Size (sq ft) | Average Monthly Cost (£) | Cost per Square Foot (£) |
---|---|---|
25 sq ft | £83 | £3.32 |
50 sq ft | £169 | £3.38 |
75 sq ft | £254 | £3.39 |
What Factors Impact Storage Prices in London?
Location is one of the key factors impacting the cost of storage per month.
As one of the busiest cities in the world, it’s not surprising that London also has the highest storage prices of the UK.
Here are other key factors impacting storage costs:
Size
Generally speaking, the smaller the unit, the lower the price. For example, in London a 25 square foot unit would cost around £83 per month whereas a 75 square foot unit would be around £254 monthly (data from Hold Storage).
Features and amenities
Some storage companies charge extra for facilities such as 24/7 access to belongings, help with loading and climate-controlled storage units.
Make sure you know what is an inclusion and what is an add-on before choosing.
Location
We’ve already established that London is more expensive for storage than other areas in the UK but even within London some areas are much more expensive.
Going further out of the city centre tends to be slightly cheaper.
However, if you opt for a storage by the box option, the prices are consistent nationwide.
To find out about storage by the box in London, starting at £3.56 per month, contact The Box Co. at hello@theboxco.co.uk today.
Demand
When storage companies are nearly full, they tend to charge more because they have less space available. That’s why in population-dense areas such as London the prices are usually very high.
Discounts and promotions
Renting out space over a longer period of time might make you eligible for a discount. Similarly, look out for promotions and specials which could have a big impact on the overall price of long-term storage.
How Much is Storage per Month in London?
The average monthly prices for storage in London, according to Hold Storage, are as follows:
Unit Size (sq ft) | Average Monthly Cost (£) | Cost per Square Foot (£) |
---|---|---|
25 sq ft | £83 | £3.32 |
50 sq ft | £169 | £3.38 |
75 sq ft | £254 | £3.39 |
Certain areas of London like Kensington and Chelsea will be more expensive. This is because land in those areas is pricey.
Further out of the centre, there might be less demand and slightly lower prices - though you might have to compromise on convenience.
Why Is Storage in London So Expensive?
Formerly, storage units and warehouses used to be outside of the cities and only found in more residential areas.
Now, there are storage facilities even in the busiest cities like London. Yet, that convenience comes with a price.
Units in Central London, especially in the more popular areas, come with higher demands for space and a higher price tag.
Storage Prices Per Month Across the UK
With the exception of London, the rest of the UK boasts fairly reasonable storage prices.
Where a 50 square foot unit in London would cost around £169 per month, the same storage space in Northern cities, such as Manchester, Leeds and Liverpool, costs around £88.
In Scotland, this would cost about £99 and in the West Midlands and Wales around £78.
Outside of London, the South East is still more expensive relative to the rest of the country but cheaper than London, with a monthly price of around £121 for 50 square feet.
Summary:
Region | 50 sq ft (Monthly Cost) | Savings Compared to London |
---|---|---|
London | £169 | - |
South East | £121 | £48 |
Scotland | £99 | £70 |
North of England | £88 | £81 |
West Midlands/Wales | £78 | £91 |
Alternative Storage Solutions to Storage Units in London
If you are looking to store in London but are deterred by the high costs, there are options available.
For storage that you don’t need to access very often, you might want to consider going further afield and looking to store your items outside of London in a cheaper area of the UK.
An even more convenient solution would be storing your items by-the-box. These solutions are not priced by location.
Instead, your items are stored in an optimised location that is most convenient to your address. Whenever you need to access your boxes, they can be returned to you within 24 hours - without you needing to drive anywhere. Even if you’re London based, you will not pay an additional price for the location.
Storage Solution | Cost | Benefits |
---|---|---|
Storage by the Box | From £3.56/month | Location-independent, items returned within 24 hours, no travel needed. |
Outside London Storage | Varies (£78–£121/month) | Lower cost, but may require travel to access stored items. |
London Storage Solutions
It’s no secret that London is the UK’s most expensive storage destination.
However, opting to store elsewhere or using a buy-the-box solution that doesn’t charge extra for location will help you cut costs significantly.
To get a quote for storage by the box in London, starting at just £3.56 per month, get in touch with The Box Co. today at hello@theboxco.co.uk.