Warehouse Storage Cost Per Cubic Foot

Another way warehouses charge for storage is by the cubic footage.

Warehouse storage cost per cubic foot. Use an average of 7 6 kilowatt hours kwh of electricity and 20 900 btu of natural gas per square foot annually madison. This calculation can help to determine overall profitability where improvements need to be made and how changes can affect the cost per inventory unit. Divide the volume by 12 cubic inches 12 x 12 x 12 inches 1 728. A full 56 41 of respondents offered discounted storage solutions mostly at pallet levels and the average discount was 14 17 given at roughly 250 pallets.

Calculating cubic feet from inches. Simple static storage facilities with little in the way of capabilities less. In 2019 the average price was 0 92 per square foot of self storage space compared to 0 96 per square foot in 2018 and 1 01 per square foot in 2017. 2 000 cubic feet per inbound average case size is cubic foot.

Divide the total warehouse cost of 750 000 by the number of units handled which for this example will be 500 000 units which gives you a warehouse storage cost of 1 50 per unit. 25 minimum monthly storage charge temperature controlled vaulted storage 95 00 per month hourly rates apply for vaulting or viewing no pro ration suggested for storage of over 3 months. Refrigerated or climate controlled warehouses with state of the art storage and handling equipment cost more. Storage would be 7 50 per pallet.

According to madison gas and electric warehouses in the u s. In these cases companies might be charged for more air under per pallet methodologies. A unit measuring 47 x 12 x 10 inches divided by 1 728 3 3 cubic feet. Typical pallet storage costs range from 6 per pallet per month to upwards of 15 per pallet per month or more.

But if the product can be stored 3 high the rate would drop to 5 00 per pallet. Even if you re only heating a 20x20 ft. So let s take the middle of that range 490 000 and say that s the storage cube size to aim for to achieve the optimal warehouse storage efficiency. If we re still working with the warehouse that has 2 000 000 cubic feet of usable storage space that would mean a storage cube of between 440 000 and 540 000 would be ideal.

Multiply length x width x height in inches to get the volume. Warehouse which would be incredibly small that s still an average of 3 040 kilowatt hours and 8 360 000 btu. Storage option rate additional info warehouse rack storage 65 per cubic foot per month first 14 days free with delivery. Pricing calculations for the three cost components of warehouse pricing including.

The average pallet storage fee came in at 13 02 the average cubic footage charge was 54 the average cost per bin was 2 14 and the average cost per square foot was 88.