I use a small peg board for the 10 or so tools I'm always reaching for - cable cutters, BB tools, crank puller, cassette tool, etc. I recently picked up a large roller tool cabinet for everything else.
A couple random shop storage tips that I find handy - I use a magnetic knife strip on the wall right in front of my bench to hold L shaped allen wrenches and torx bits. Just grab one and stick it back on when you're done.
https://www.amazon.com/Magnetic-Powe...=ATVPDKIKX0DER
I also picked up a small parts organizer/drawer to keep the countless small bikes parts organized - ferrules, end caps, tubeless valves, bolts, etc. etc. This has routine bike work much easier.
https://www.amazon.com/Akro-Mils-101...n%2C181&sr=1-2
Its remarkable how many tiny bike parts you accumulate with multiple bikes.