If floor space is limited, go UP and Raise Your Gear! Perfect Bike hanging as well as display.
Paired with this with a couple "Workstations".
Wrench on the lower and display the upper.
Have installed one vertical and one horizontal rail. The vertical rail was only slightly more complicated to hang, given that it's vertical--the place I needed to hang it wasn't near a stud. Not a problem, beefy wall anchors did the trick, and it was still easy to install. Just a minor point for people to consider--the horizontal rail will span studs in your wall, the vertical rail may not (just because that's how walls are built :) The bike hanger fits into the slots tightly--you have to finesse it in there a bit (whereas the wheelie hangers on the horizontal rail go in easier), but that's not a complaint, just an observation. It wasn't difficult, and the bike isn't going anywhere. Very happy with the whole assembly, also looks great.