Aspects of the subject matter described herein relate to storage allocation. In aspects, a hierarchical data structure is used to track allocation data for storage managed by a file system. The hierarchical data structure may have multiple levels with each level having data regarding a different granularity of storage. Portions of the hierarchical data structure may be locked independently of other portions of the hierarchical data structure. The hierarchical data structure may indicate that one or more portions of storage are for exclusive use by a directory. Extra space may be reserved in allocated space in anticipation of subsequent operations. Allocation requestors may obtain storage allocation from regions associated with different levels of the hierarchical data structure.