At the end of last year, the company raised $1.8 million in financing from two investors, according to TechCrunch.īoth New York and San Francisco are largely underserved markets, with available self storage space per person significantly below the national average of 7 square feet per capita, Yardi Matrix data shows.

Stuf opened its first location in 2020 in New York and has since expanded to Los Angeles, San Francisco, Washington, D.C., and Oakland, Calif. According to Lau, the business model will translate to better rent rates for clients as the company grows. The startup specializes in mini-self storage spaces in high-density markets that are harder to penetrate due to shortages in development sites.įollowing a strategy of identifying and converting underutilized space into storage units, the company partners with commercial landlords by signing revenue-sharing agreements rather than traditional leases, Stuf CEO Katharine Lau said in an interview with Yahoo Finance. Unit size ranges between 20 and 63 square feet. Stuf’s second San Francisco facility is located at 115 Sansome St., also in the basement of a business center owned by Vanbarton Group.

Storage spaces range from 20 to 60 square feet. The company’s first Oakland facility occupies the basement of an office building at 521 16th St. Stuf, a New York-based self storage startup, has opened two new locations in San Francisco’s Financial District and in downtown Oakland, Calif., bringing its portfolio to seven locations across five markets.

Stuf storage