StorTrack’s featured market this month is Missouri City, TX. Missouri City is located within the Houston metro area. This city has experienced residential and commercial growth in recent years resulting in an increased activity in the development of retail centers and housing projects.
How is Missouri City 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 Missouri City, TX
Current Supply:
There is a 14.22 square feet per capita supply in this market. For comparison, Texas’ square feet per capita is 11.2. Out of the fourteen self-storage stores currently operating in Missouri City, nine are REITs and two are mid-size operators. There is one new planned development project in this market, though there are 269 active projects across the state.
Rate Trends:
Rates in Missouri City have trended upwards in the last 12 months. The average rate per sq ft for standard, non-climate-controlled units is currently $1.02 and $1.11 for climate-controlled units.
View the Market Report for Misouri City, TX
Is this a good market for you to invest in? To understand Missouri City’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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