Microsoft have announced more information about Microsoft 365 Archive, including pricing.
It will cost $0.05 per GB* per month to archive content and will then cost $0.60 per GB to restore that content. There is a 7-day grace period following archival where sites can be re-activated (restored) free of charge.
*This will appear on the bill as $0.00167/GB/day.
Note that archive fees are only charged where active storage + archived storage = more than the tenant’s overall SharePoint storage allocation…which is 1TB + 10GB per user. Reactivation fees are charged whether or not you’re within that allocation.
The price per GB for archiving data is 1/4 of the price for adding additional SharePoint storage, meaning it can help reduce storage costs in environments with strong processes and policies. Currently archiving works at a site level so you can’t restore just a single file, you have to restore the whole site…which could quickly get expensive.
If you want to understand more about SharePoint information management, governance, and more – go and check out Information EXP, they’ve got some great ideas!
Cloudy with a chance of Licensing 