StorTrack’s featured market this month is Waterbury, CT. Waterbury is Connecticut’s fifth-largest city and named for its abundant waterways. It has been nicknamed as the Brass City for its large brass industrial interests.
How is Waterbury 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 Waterbury, CT
(10 Minutes Drive Time)
We’ve utilized our new Drive Time tool to define and analyze this market!
This tool gives you even more precise and valuable insights into market trends, supply and demand.
Current Supply:
- There is a 3.00 square feet per capita supply in this market within 10 minutes drive time. For comparison, Connecticut’s square feet per capita is 5.21
- Out of the 6 self-storage stores currently operating in Waterbury, two are REITs and four are mid-size operators
- There are two new planned development projects in this market, though there are 82 active projects across the state
Rate Trends:
Rates in Waterbury have trended downward in the last 12 months. The average rate per sq ft for standard, non-climate-controlled units is currently $1.48 and $2.18 for climate-controlled units.
View the Market Report for Waterbury, CT
Is this a good market for you to invest in? To understand Waterbury’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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