StorTrack’s featured market this month is Bethlehem, PA. Bethlehem is a city in the Lehigh Valley region of eastern Pennsylvania. This historical city is the home of Lehigh University, many community events and traditional entertainment make this diverse city a place to see year-round.
How is Bethlehem 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 Bethlehem, PA
Current Supply:
- There is a 6.55 square feet per capita supply in this market. For comparison, Pennsylvania’s square feet per capita is 5.85
- Out of the 11 self-storage stores currently operating in Bethlehem, seven are mid-size operators and four are small-size operators
- There are two new planned development projects in this market, though there are 159 active projects across the state
Rate Trends:
Rates in Bethlehem have trended downward in the last 12 months. The average rate per sq ft for standard, non-climate-controlled units is currently $1.65 and $2.19 for climate-controlled units.
View the Market Report for Bethlehem, PA
Is this a good market for you to invest in? To understand Bethlehem’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.
Explorer is available for the evaluation of any primary, secondary and tertiary market in the US, Canada and the UK.
To purchase a full market report for this or any other market, go to explorer.stortrack.com.
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