Category: Market of the Month

Scottsdale, AZ

Using the Market Discovery Data Tool from StorTrack’s MarketView Platform (MVP), we were able to review data on Scottsdale, a city in Maricopa County, AZ. Rates have been trending upwards by 33% over the past year however there are nine developments in the pipeline consisting of an estimated 755,000+ gross square feet and nearly ten square feet of existing storage per capita. To view additional metrics, visit the link labeled “Click Here to View Market Information“.

Duluth, GA

Using the Market Discovery Data Tool from StorTrack’s MarketView Platform (MVP), we were able to find Duluth, city in Gwinnett County, GA with less than six square feet per capita and rental rates trending upward by 94%. With only one known development in the pipeline and a median household income of $85,558, this market could be worth further evaluation. To view additional metrics, visit the link labeled “Click Here to View Market Information“.

Sunnyvale, CA

Using the Market Discovery Data Tool from StorTrack’s MarketView Platform (MVP), we were able to find Sunnydale, a city in Santa Clara Valley, CA with less than six square feet per capita and no known developments in the pipeline. With a median household income of $134,896 and $2.34 per square foot on average, this market could be worth further evaluation. To view additional metrics, visit the link labeled “Click Here to View Market Information“.

Lone Tree, CO

Using the Market Discovery Data Tool from StorTrack’s MarketView Platform (MVP), we were able to find Lone Tree, a city in northern Douglas County, CO with only two facilities in the area and no known developments in the pipeline. Lone Tree’s low square footage per capita and limited supply could be worth evaluating further. To view additional metrics, visit the link labeled “Click Here to View Market Information“.

Population Grows Like a Weed in Flower Mound, TX

This month, we’ll evaluate Flower Mound, TX, an unincorporated town in Denton and Tarrant counties. The City Flower Mound, TX is a 20,000-acre residential suburb of Denton County, located northwest of Dallas on the shore of Grapevine Lake. It’s unprecedented population growth began in the 1950s as a result of job opportunities. In 1966, the population was reported to be 275 and grew to 1,685 by 1970. Despite construction delays throughout the next several years, the city grew to 4,402 in 1980, 15,527 in 1990 and 50,702 by 2000. As…

The Golf Capital of the World: Self Storage in Palm Beach Gardens, FL

Florida is considered by many to be a mature, perhaps even over-supplied market for self storage.  However, we all know that self storage is a micro-market industry where there can be wild fluctuations in supply and demand in closely neighboring cities. This month, we take a look at Palm Beach Gardens, which is famous perhaps for being headquarters to the Professional Golfers Association of America (as well as many golf courses and clubs). PBG is located on the coast, roughly 70 miles north of Miami and was voted Best City…