Category: Market of the Month

StorTrack’s featured market this month is Sunrise, FL. Sunrise is a vibrant city in Broward County. Several major corporations have chosen the city of Sunrise as the location for their corporate headquarters. This includes companies in the technology, finance, and healthcare industries. How is Sunrise 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 Sunrise, FL Current Supply: There is a…

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…

StorTrack’s featured market this month is Evanston, IL. Evanston is located 12 miles north of Downtown Chicago. Northwestern University, NorthShore University HealthSystem and Evanston-Skokie School District 65 are a few top employers in the city. Evanston has a thriving business economy, several shopping areas and public lakefront recreation activities. How is Evanston 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 Evanston,…

StorTrack’s featured market this month is Redmond, WA. Redmond is located 15 miles east of Seattle. The city prides itself on its high quality of life with 57 schools, a healthy economic base, and an emphasis on quality development and protection of the natural environment. How is Redmond 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 Redmond, WA Current Supply: There…

StorTrack’s featured market this month is Lakewood, OH. Lakewood is a city in Cuyahoga County, and is located about 6 mile west of Downtown Cleveland. This city has a total of 32,000 housing units citywide including 12,700 one- or two-family homes. How is Lakewood 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 Lakewood, OH (5 mile radius analysis)   Current Supply:…

StorTrack’s featured market this month is Westminster, CO. The City of Westminster is a municipality located in Adams and Jefferson counties, Colorado. Westminster’s top employers represent leading companies in high-tech, medical, energy, and other expanding fields. How is Westminster as a self-storage market and is it a good place to consider investing in? We’ve used StorTrack’s Explorer platform to find out the potential as a self-storage investment. Self Storage Market Metrics for Westminster, CO   Current Supply: The square feet per capita in this market is 5.71. For comparison, Colorado’s square feet…

StorTrack’s featured market this month is Millcreek, UT. Millcreek is a suburb nestled between Salt Lake City and South Salt Lake. The area boasts scenic views of the Wasatch Mountains and is home to Millcreek Canyon, a popular destination for outdoor enthusiasts. How is Millcreek as a self-storage market and is it a good place to consider investing in? We’ve used StorTrack’s Explorer platform to find out the potential as a self-storage investment. Self Storage Market Metrics for Millcreek, UT Current Supply: There are 5.22 square feet per capita in this market. For comparison,…

Using the Market Discovery Tool from StorTrack’s Explorer product, we identified Bellevue, a city located across from Seattle on Lake Washington in Washington. With over 100 parks, Bellevue is known as “a city in a park” though it is still the fifth largest city in the state. Current Supply At 5.77 square feet per capita and with a population anticipated to grow to 156,728 by 2025 (up 7.24% since 2020), the city could potentially tolerate new supply. New Supply Public Storage is currently developing their seventh facility in Bellevue, a…

Using the Market Discovery Tool from StorTrack Explorer, we were able to view market data on Overland Park, the second most populous city in the state of Kansas. With 20 stores in the city, the square footage per capita is less than six. There are two development projects in the pipeline, adding an additional 119,000 square feet by the end of 2023. However, with population projections, demand should offset this new supply. While the average rate per square foot remains relatively consistent in Overland Park (see above), the spread between…