Self Storage Market Metrics for Redmond, WA
There is a 7.48 square feet per capita supply in this market. For comparison, Washington’s square feet per capita is 8.70. Out of the 9 self-storage stores currently operating in Redmond, one is a REIT, six are mid-size operators and two are small-size operators. There are no new planned development projects in this market, though there are 70 active projects across the state.
Rates in Redmond have trended down in the last 12 months, by -1.31%. The average rate per sq ft for standard, non-climate-controlled units is currently $1.89 and $2.07 for climate-controlled units.
View the Market Report for Redmond, WA
Is this a good market for you to invest in? To understand Redmond’s potential as a self storage market, view this complimentary report, giving you useful market statistics and metrics. Additional metrics available with report purchase.
Explorer is StorTrack’s market analysis platform for self-storage operators, investors and developers.