I had to get very creative with storing things in this tiny apartment.
* The empty luggage is where I store my winter clothes. They're rarely worn here, but I keep a few items in case I...go north on vacation. So I'm already packed. It's on the floor of the closet.
* The gift wrapping and hobby stuff got slid under the bed. I also put my beach chair under there and the rolling box where I store the extra bed linens, because there's no linen closet in this apartment.
* One not mentioned (that doesn't apply to everyone) is the Christmas tree (fake one in a long, narrow box) which in my case ended up wedged between the bed and the wall, with a wooden plank over it to provide a "resting place" for my bedside things like a lamp, clock-radio, and such (kind of a makeshift endtable). The ornaments ended up in the "steamer trunk" style coffee table in the living room, which I bought expressly to hide such oddball items in need of storage.
* Important documents and some of my important keepsakes are in a Rubbermaid container that sits under my desk. Down here we are advised to have such a "Hurricane Evacuation Kit". There's room in the container for all the other necessities and it's ready when needed. The chair just won't slide under the desk any more.
It's a total juggling act. Furniture purchases have to be made with an eye toward multiple purposes as well as size.