StorTrack’s featured market this month is Folsom, CA. Folsom is a city in the Sacramento region, known for its strong economy, driven by major employers like Intel and Kaiser Permanente. It boasts highly ranked schools, a low crime rate, abundant natural amenities like Folsom Lake, and ongoing residential and commercial development.
How is Folsom 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 Folsom, CA
Current Supply:
- There is a supply of 6.90 square feet per capita in this market. For comparison, California’s square feet per capita is 6.51
- Folsom is home to 9 self-storage facilities, including two REITs, four large operators, one mid-size operator, and two single operators
- There are no new planned development projects in this market, though there are 311 active projects across the state
Rate Trends:
Rates in Folsom have trended upward in the last 12 months. The average rate per sq ft for a standard unit is $1.82 and climate-controlled units are currently $1.58
View the Report for Folsom, CA
Is this a good market for you to invest in? To understand Folsom’s potential as a self-storage market, view this complimentary report, giving you useful market statistics and metrics.
Additional metrics available with report purchase.
Instant Market Analysis
Get a comprehensive market report for this or any market—visit StorTrack.com.
StorTrack’s Explorer platform is the go-to market analysis tool, designed specifically for self-storage operators, investors, and developers.
With Explorer, access in-depth evaluations of primary, secondary, and tertiary markets across the US, Canada, Europe, and the UK.
Sign up for free today and start making informed investment decisions with confidence!
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