{"id":4585,"date":"2023-09-21T08:55:34","date_gmt":"2023-09-21T08:55:34","guid":{"rendered":"https:\/\/listselfstorage.com\/us\/industry-insights\/?p=4585"},"modified":"2023-10-31T15:55:01","modified_gmt":"2023-10-31T15:55:01","slug":"market-of-the-month-redmond-wa","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/market-of-the-month-redmond-wa\/","title":{"rendered":"Market of the Month: Redmond, WA"},"content":{"rendered":"

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StorTrack\u2019s<\/span><\/a> featured market this month is Redmond, WA. Redmond is located 15 miles east of Seattle<\/span>. The city prides itself on its high quality of life with 57 schools, a healthy economic base, and an emphasis on quality development and protection of the natural environment.<\/span><\/span><\/span><\/p>\n

How is Redmond as a self-storage market and is it a good place to consider investing in? We\u2019ve used StorTrack\u2019s Explorer<\/span><\/a> platform to look at some metrics to analyze its potential as a self-storage investment.<\/span><\/span><\/span><\/p>\n<\/div>\n<\/header>\n

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Self Storage Market Metrics for Redmond, WA
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Current Supply<\/span>:<\/b><\/p>\n

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There is a 7.48 square feet per capita supply in this market. For comparison, Washington’s square feet per capita is 8.70. Out of the 9 self-storage stores currently operating in Redmond, one is a REIT, six are mid-size operators and two are small-size operators. There are no new planned development projects in this market, though there are 70 active projects across the state.<\/span><\/span><\/span><\/p>\n

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

Rates in Redmond have trended down in the last 12 months, by -1.31%. The average rate per sq ft for standard, non-climate-controlled units is currently $1.89 and $2.07 for climate-controlled units.<\/span><\/span><\/span><\/p>\n


\nView the Market Report for Redmond, WA<\/b><\/span><\/span><\/span><\/span>
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Is this a good market for you to invest in? To understand Redmond’s potential as a self storage market, view this complimentary report, giving you useful market statistics and metrics. Additional metrics available with report purchase<\/em>.<\/span><\/span><\/span><\/p>\n<\/div>\n

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Explorer is StorTrack\u2019s market analysis platform for self-storage operators, investors and developers.<\/span><\/p>\n

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Explorer is available for the evaluation of any primary, secondary and tertiary market in the US, Canada and the UK<\/strong><\/em>.<\/span><\/span><\/span><\/p>\n

To purchase a full market report for this or any other market, go to explorer.stortrack.com<\/span>.<\/a><\/span><\/span><\/span><\/p>\n

Sign up <\/span><\/span>for<\/span><\/span><\/span> free<\/span><\/span><\/span><\/a><\/span> to start evaluating self-storage markets.<\/span><\/span><\/span><\/p>\n

\"\"<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

StorTrack\u2019s featured market this month is Redmond, WA. Redmond is located 15 miles east of Seattle. The city prides itself on its high quality of life with 57 schools, a healthy economic base, and an emphasis on quality development and protection of the natural environment. How is Redmond as a self-storage market and is it a good place to consider investing in? We\u2019ve used StorTrack\u2019s Explorer platform to look at some metrics to analyze its potential as a self-storage investment. Self Storage Market Metrics for Redmond, WA Current Supply: There…<\/p>\n","protected":false},"author":13,"featured_media":4589,"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\/4585"}],"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=4585"}],"version-history":[{"count":2,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/4585\/revisions"}],"predecessor-version":[{"id":4609,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/4585\/revisions\/4609"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media\/4589"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media?parent=4585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/categories?post=4585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/tags?post=4585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}