StorTrack’s featured market this month is Butler, PA. Butler is part of the Greater Pittsburgh area in western Pennsylvania. It is home to one of the largest state parks in the state, making it an ideal place for outdoor fun. Located only 35 miles from Pittsburgh, Butler truly provides residents with metropolitan living and small-town convenience.
How is Butler 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 Butler, PA
(10-Mile Radius)
Current Supply (At a 10-Mile Radius):
- There is a 4.77 square feet per capita supply in this market. For comparison, Pennsylvania’s square feet per capita is 5.9.
- Out of the 25 self-storage stores currently operating in Butler, three are mid-size operators and 22 are small-size operators.
- There is one new planned development project in this market, though there are 148 active projects across the state.
Rate Trends:
Rates in Butler have trended upward in the last 12 months. The average rate per sq ft for standard, non-climate-controlled units is currently $0.84 and $1.43 for climate-controlled units.
View the Market Report for Butler, PA
Is this a good market for you to invest in? To understand Butler’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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