StorTrack’s featured market this month is DeSoto, TX. DeSoto is a suburb of the Dallas-Fort Worth metro area. In 2006, the National Civic League presented DeSoto with the All-America City Award. DeSoto has a thriving economic sector in the medical and aviation fields and over 400 acres of land ready for development.
How is DeSoto as a self-storage market and is it a good place to consider investing in? We’ve used StorTrack’s Explorer platform to look at some metrics to analyze its potential as a self-storage investment.
Self Storage Market Metrics for DeSoto, TX
Current Supply:
There is a 7.53 square feet per capita supply in this market. For comparison, Texas’s square feet per capita is 10.99. Out of the seven self-storage stores currently operating in DeSoto, two are REITs, four are mid-size operators and one is a small operator. There are no new planned development projects in this market, though there are 209 active projects across the state.
Rate Trends:
Rates in DeSoto have trended upwards in the last 12 months. The average rate per sq ft for standard, non-climate-controlled units is currently $1.45 and $2 for climate-controlled units.
View the Market Report for DeSoto, TX
Is this a good market for you to invest in? To understand DeSoto’s potential as a self storage market, view this complimentary report, giving you useful market statistics and metrics. Additional metrics available with report purchase.
Explorer is StorTrack’s market analysis platform for self-storage operators, investors and developers.
Explorer is available for the evaluation of any primary, secondary and tertiary market in the US, Canada and the UK.
To purchase a full market report for this or any other market, go to explorer.stortrack.com.
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