Using the Market Discovery Tool from StorTrack Explorer, we were able to view market data on Auburn, the largest city in eastern Alabama. With 11 stores in this market and no current development activity, this market could be worth further evaluation. The city has 6.91 square feet per capita and a population of 65,508, nearly 50% of which are renters.
Compared to the statewide average rental rate of $1.49 per square foot for all unit types, Auburn’s are only $1.20 however rates have been trending upward over the past year by more than 24%. Pictured above are the trailing 12-month averages for standard 10 x 10 units for all stores in the city.
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