Natural wood is considered by many the most attractive siding for storage units. But wood exposed over time to water usually rots. Some woods, however, contain natural resins that make them relatively rot-resistant. Cedar is such a wood and very popular as a siding choice for storage units. But even cedar siding is not maintenance-free. Coat cedar with a UV-inhibiting sealer/preservative every other year to protect it from ultraviolet solar radiation. Apply a clear stain, as well, to help preserve its natural beauty.
Before installing storage units, lay down cinder blocks, concrete piers, a concrete slab, or at least crushed stone. But don't stop there. Make sure the supports underlying the floor are made of pressure-treated wood.