Abstract: A shelf and wall system in accordance with the invention includes a plurality of shelf carrier posts having suspension apertures in at least three sides thereof, a plurality of shelves having associated brackets for mounting in selected apertures of the posts, transverse carrier rods for mounting between neighboring posts in engagement with the apertures, and a plurality of wall elements having suspension hooks for engaging the carrier rods, the wall panel elements having a width larger than a distance between the posts so as when suspended to rest against outermost front side portions of its associated posts. The wall panel elements having a height measured between their lower edges and their suspension hooks for engaging such that the wall panels are mounted in suspended positions with their lower edges located at or above a top side plane of underlying shelves.