{"id":3280,"date":"2023-03-06T17:37:42","date_gmt":"2023-03-06T17:37:42","guid":{"rendered":"https:\/\/listselfstorage.com\/us\/industry-insights\/?p=3280"},"modified":"2023-03-06T17:37:42","modified_gmt":"2023-03-06T17:37:42","slug":"market-of-the-month-millcreek-ut","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/market-of-the-month-millcreek-ut\/","title":{"rendered":"Market of the Month: Millcreek, UT"},"content":{"rendered":"

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StorTrack\u2019s<\/span><\/a>\u00a0featured market this month is Millcreek, UT.\u00a0Millcreek is a suburb nestled between Salt Lake City and South Salt Lake. The area boasts scenic views of the Wasatch Mountains and is home to Millcreek Canyon, a popular destination for outdoor enthusiasts.<\/span><\/span><\/span><\/p>\n

How is Millcreek as a self-storage market and is it a good place to consider investing in? We\u2019ve used\u00a0StorTrack\u2019s Explorer<\/span><\/a>\u00a0platform to find out the potential as a self-storage investment.<\/span><\/span><\/span><\/p>\n<\/div>\n<\/header>\n

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Self Storage Market Metrics for Millcreek, UT<\/b><\/span><\/span><\/span><\/p>\n

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Current Supply<\/span>:<\/b><\/span><\/span><\/span><\/p>\n

There are 5.22 square feet per capita in this market. For comparison, Massachusetts\u2019s square footage per capita is 4.53. Of the 6 self storage stores currently operating in Medford, 3 of them are REITs. There are currently no planned development projects in this market, though there are 78 active projects across the state.<\/span><\/span><\/span><\/p>\n

Rate Trends<\/span>:<\/b><\/span><\/span><\/span><\/p>\n

Rates in Medford have trended upwards in the last 12 months, by 19.67%. The average rate per sq ft for standard, non-climate controlled units is currently $2.32 and $2.01 for climate controlled units.<\/span><\/span><\/span><\/p>\n


\nView the Market Report for Millcreek, UT:<\/b><\/span><\/span><\/span><\/span>
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Is this a good market for you to invest in? To understand Millcreek\u2019s potential as a self-storage market, view this free report, giving you useful market statistics and metrics. Additional metrics available with report purchase<\/em>.<\/span><\/span><\/span><\/p>\n

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To purchase a full market report for this or any other market, go to explorer.stortrack.com.\u00a0 Explorer is StorTrack\u2019s market analysis platform for self-storage operators, investors and developers.\u00a0Explorer is available\u00a0for the evaluation of any primary, secondary and tertiary market in the US, Canada and the UK<\/b>.\u00a0Sign up for free<\/a><\/span>\u00a0to start evaluating self-storage markets.<\/span><\/span><\/span><\/p>\n

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StorTrack\u2019s\u00a0featured market this month is Millcreek, UT.\u00a0Millcreek is a suburb nestled between Salt Lake City and South Salt Lake. The area boasts scenic views of the Wasatch Mountains and is home to Millcreek Canyon, a popular destination for outdoor enthusiasts. How is Millcreek as a self-storage market and is it a good place to consider investing in? We\u2019ve used\u00a0StorTrack\u2019s Explorer\u00a0platform to find out the potential as a self-storage investment. Self Storage Market Metrics for Millcreek, UT Current Supply: There are 5.22 square feet per capita in this market. For comparison,…<\/p>\n","protected":false},"author":13,"featured_media":3281,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/3280"}],"collection":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/comments?post=3280"}],"version-history":[{"count":3,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/3280\/revisions"}],"predecessor-version":[{"id":3284,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/3280\/revisions\/3284"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media\/3281"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media?parent=3280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/categories?post=3280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/tags?post=3280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}