StorTrack’s featured market this month is Folsom, CA. Folsom is a city in the Sacramento region, known for its strong economy, driven by major employers like Intel and Kaiser Permanente. It boasts highly ranked schools, low crime rate, abundant natural amenities like Folsom Lake, and ongoing residential and commercial development.
How is Folsom 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 Folsom, CA
Current Supply:
- There is a supply of 6.90 square feet per capita in this market. For comparison, California’s square feet per capita is 6.51
- Folsom is home to 9 self-storage facilities, including two REITs, four large operators, one mid-size operator, and two single operators
- There are no new planned development projects in this market, though there are 311 active projects across the state
Rate Trends:
Rates in Folsom have trended upward in the last 12 months. The average rate per sq ft for a standard unit is $1.82 and climate-controlled units are currently $1.58
View the Report for Folsom, CA
Is this a good market for you to invest in? To understand Folsom’s potential as a self-storage market, view this complimentary report, giving you useful market statistics and metrics.
Additional metrics available with report purchase.
Instant Market Analysis
Get a comprehensive market report for this or any market—visit StorTrack.com. StorTrack’s Explorer platform is the go-to market analysis tool, designed specifically for self-storage operators, investors, and developers.
With Explorer, access in-depth evaluations of primary, secondary, and tertiary markets across the US, Canada, Europe, and the UK. Sign up for free today and start making informed investment decisions with confidence!
1-800-969-7424 | www.StorTrack.com | info@stortrack.com
