Using the Market Discovery Tool from StorTrack Explorer, we located Grapevine, TX. This charming city thrives on travel and tourism however the supply metrics indicate an interesting market for storage.
The square footage per capita in Grapevine is 7.44. The US national average is 7.98 square feet per capita and the Texas state average is 10.53 square feet per capita. Across all unit types, 75% of unit pricing is currently advertised online.
Rate Trends
The rates in this market have trended down in the last three months by -5.52%. The current US national rate trend for the past three months is up by 7.03% however the Texas state is showing a downward rate trend for the last three months of -7.87%.
Use of Promotions
StorTrack converts promotional activity into a measurable score. An increase in promotional activity means the aggregate value of promotions is growing as stores offer better promotional deals to attract customers, while a decrease in promotional activity means less deals are being offered. In this market, over the past three months, promotional activity has decreased by 3.94%.
Is this a good market for you to invest in? To understand Grapevine’s potential as a self storage market, view the report for free for useful market statistics and metrics.
To purchase a full market report on this or any other market, go to explorer.stortrack.com. 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. Sign up free and start evaluating self storage markets today.
