StorTrack’s featured market this month is Radcliff, KY. Radcliff is a city in Hardin County, with an economy largely driven by the US Army base, Fort Knox.
How is Radcliff 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 Radcliff, KY
Current Supply:
- There is a 14.19 square feet per capita supply in this market. For comparison, Kentucky’s square feet per capita is 7.52
- Out of the 12 self-storage stores currently operating in Radcliff, one is a REIT, six are mid-size operators and five are small-size operators
- There are no new planned development projects in this market, though there are 25 active projects across the state
Rate Trends:
Rates in Radcliff have trended downward in the last 12 months. The average rate per sq ft for standard, non-climate-controlled units is currently $0.89 and $1.29 for climate-controlled units.
View the Market Report for Radcliff, KY
Is this a good market for you to invest in? To understand Radcliff’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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