Joe DownsCEO & Co-Founder, Belrose Storage Group. Founder, Storage Moguls.

Covered and enclosed storage your hidden profit center

21 Apr 2026 · 1 min

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Covered carport spaces command 30-50% premiums over open units because they protect boats and RVs from weather and UV damage. If your covered units are priced within $20 of open-air rates, you're leaving money on the table. Fully enclosed garage units are your highest-margin product because demand is strong and tenants will pay whatever it costs.

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Don't underprice it, but understand that pricing it significantly above market drives tenants to competitors. Covered carport storage commands a 30 to 50% premium over open air in most markets. UV protection and weather coverage are real tangible benefits that boat and RV tenants will pay for, particularly for the high-value vehicles. If your covered spaces are priced between— priced within $20 of your open-air spaces, You're undercharging. Enclosed garage-style storage is your highest margin product. Limited supply, highest demand, and often the most price-inelastic segment of your tenant base.