Commercial storage units

If you’re looking for a commercial storage unit to rent for your business, there are a few things to consider when choosing the right space for you. Read our list below to understand what you need to prepare when renting a business storage unit.

How much does it cost to rent a commercial storage unit?

The price to rent a commercial storage unit will depend on a few factors – location, size, tenancy agreement, and other additional costs.
Commercial storage units located closer to city centres would be more convenient and accessible, but they tend to be more expensive. Keep in mind that the commercial storage unit’s size and the length of your lease can change the total rent costs – the longer lease or the bigger a storage unit, the more it will costs.
When figuring out what you can afford it’s also important to consider several other costs, including:

• Rent deposits
• Business rates
• VAT
• Service or maintenance charges
• Insurance
• Dilapidations
• Waste and Utilities
• Capital allowances
• Fees

By estimating the actual cost, you will be in a better position when negotiating with the agent or landlord. Some companies also offer an all-inclusive lease, so you won’t have to stress about any extra expenses later on.

Factors to consider when choosing a commercial storage unit for rent

When renting a commercial storage unit, you need to consider several factors to ensure that you choose the right facility that meets your business needs.

• Size: Determine the space needed for your goods. Consider the dimensions and layout of the storage space.
• Location: Choose a facility conveniently located for access.
• Security: Look for surveillance, access control, and security personnel.
• Lease terms and flexibility: Review the lease length, flexibility, and termination penalties.
• Accessibility: Check operating hours and after-hours access options.
• Insurance: Inquire about coverage options for stored items.
• Features: Make sure the features/amenities you need are available in the space (e.g. loading bays).
• Timescales: Plan a move-in date to allow plenty of time for sorting out legal documentation.

By considering these factors, you can choose the right commercial storage space for your business.

What do I need to rent a commercial storage unit?

To get your lease in place, you typically need to provide a few essential items to prove your identity, including:

• Valid identification: government-issued photo ID (e.g. driver’s licence, passport, or state ID card).
• Contact information: full name, address, phone number, and email address
• Proof of address: some facilities may require proof of your current address, such as recent utility bills or lease agreements.
• Payment method: prepare to pay the rent cost. Most companies accept credit/debit cards, BACS, or checks.

You may also need to review and discuss the Heads of Terms (HOT) with your agent or landlord. Make sure the HOT cover all the important information about your lease that you have agreed upon so you can rely on it in the future if there’s any disagreement.

You can find more detailed information about renting a commercial storage unit in our Guide to Leasing.