StorTrack’s featured market this month is Manchester, NH. Manchester is a city on the Merrimack River in southern New Hampshire; located in the heart of New England and is the largest convention, sports, entertainment, and arts & cultural destination in New Hampshire.
How is Manchester 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 Manchester, NH
Current Supply:
- There is a 4.26 square feet per capita supply in this market. For comparison, New Hampshire’s square feet per capita is 9.61
- Out of the 10 self-storage stores currently operating in Manchester, three are REITs, six mid-size operators and one small-size operator
- There is one new planned development project in this market, though there are 42 active projects across the state
Rate Trends:
Rates in Manchester have trended upward in the last 12 months. The average rate per sq ft for standard, non-climate-controlled units is currently $1.24 and $1.68 for climate-controlled units.
View the Market Report for Manchester, NH
Is this a good market for you to invest in? To understand Manchester’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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