{"id":6649,"date":"2024-07-22T12:20:07","date_gmt":"2024-07-22T12:20:07","guid":{"rendered":"https:\/\/listselfstorage.com\/us\/industry-insights\/?p=6649"},"modified":"2024-10-09T14:51:32","modified_gmt":"2024-10-09T14:51:32","slug":"self-storage-market-of-the-month-waterbury-ct","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/self-storage-market-of-the-month-waterbury-ct\/","title":{"rendered":"Self Storage Market of the Month: Waterbury, CT &#8211; Featuring Drive Time Analysis"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><\/p>\n<header class=\"nlg-entry-header nlg-fimg-mask nlg-has-fimg\">\n<div class=\"nlg-inner\">\n<p><span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.stortrack.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>StorTrack\u2019s<\/strong><\/a><\/span> featured market this month is Waterbury, CT. Waterbury is Connecticut\u2019s fifth-largest city and named for its abundant waterways. It has been nicknamed as the\u00a0Brass City\u00a0for its large brass industrial interests.<\/span><\/span><\/span><\/p>\n<p><span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">How is Waterbury as a self-storage market and is it a good place to consider investing in? We\u2019ve used <strong><a href=\"https:\/\/www.stortrack.com\/products\/explorer.html\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"text-decoration: underline;\">StorTrack\u2019s Explorer<\/span><\/a><\/strong> platform to look at some metrics to analyze its potential as a self-storage investment.<\/span><\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<\/header>\n<div class=\"nlg-entry-content\">\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\"><span style=\"font-size: large;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">Self Storage Market Metrics for Waterbury, CT<br \/>\n<\/span><\/span><\/span><\/span><\/strong><strong><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">(10 Minutes Drive Time)<\/span><\/span><\/span><\/strong><\/p>\n<p style=\"text-align: center;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">We&#8217;ve utilized our new Drive Time tool to define and analyze this market!<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">This tool gives you even more precise and valuable insights into market trends, supply and demand.<\/span><\/span><\/span><\/p>\n<\/div>\n<p><img loading=\"lazy\" class=\"size-full wp-image-6653 aligncenter\" src=\"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2024\/07\/MOM-Metrics_Waterbury_CT.png\" alt=\"\" width=\"600\" height=\"400\" \/><\/p>\n<p><b style=\"font-size: medium; font-family: Lato, 'Helvetica Neue', Arial, Helvetica, sans-serif; color: #222222;\"><span style=\"text-decoration: underline;\">Current Supply<\/span>:<\/b><\/p>\n<div class=\"nlg-entry-content\">\n<ul>\n<li><span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">There is a 3.00 square feet per capita supply in this market within 10 minutes drive time. For comparison, Connecticut&#8217;s\u00a0square feet per capita is 5.21<\/span><\/span><\/span><\/li>\n<li><span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">Out of the 6 self-storage stores currently operating in Waterbury, two are REITs and four are mid-size operators<\/span><\/span><\/span><\/li>\n<li><span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">There are two new planned development projects in this market, though there are 82 active projects across the state<\/span><\/span><\/span><\/li>\n<\/ul>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\"><b><span style=\"text-decoration: underline;\">Rate Trends<\/span>:<\/b><\/span><\/span><\/span><\/p>\n<p><span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">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.<\/span><\/span><\/span><\/p>\n<\/div>\n<p><img loading=\"lazy\" class=\"size-full wp-image-6652 aligncenter\" src=\"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2024\/07\/12-Months-10x10-Non-climate-controlled_Waterbury-CT.png\" alt=\"\" width=\"600\" height=\"200\" \/><\/p>\n<p>&nbsp;<\/p>\n<div class=\"nlg-entry-content\">\n<p style=\"text-align: center;\"><strong><span style=\"font-size: large;\"><u><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">View the Market Report for Waterbury, CT<\/span><\/span><\/u><\/span><\/strong><\/p>\n<p><span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">Is this a good market for you to invest in? To understand Waterbury&#8217;s potential as a self-storage market, <span style=\"text-decoration: underline;\"><strong><a href=\"https:\/\/4297816.fs1.hubspotusercontent-na1.net\/hubfs\/4297816\/Market%20of%20the%20Month%20Reports\/Market%20of%20the%20Month%20-%20Waterbury%2c%20CT.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">view this complimentary report<\/a><\/strong><\/span>, giving you useful market statistics and metrics. <em>Additional metrics available with report purchase<\/em>.<\/span><\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<p><a href=\"https:\/\/4297816.fs1.hubspotusercontent-na1.net\/hubfs\/4297816\/Market%20of%20the%20Month%20Reports\/Market%20of%20the%20Month%20-%20Waterbury%2c%20CT.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" class=\"size-full wp-image-6654 aligncenter\" src=\"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2024\/07\/View-Report_WaterburyCT-1.png\" alt=\"\" width=\"600\" height=\"200\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family: Lato, 'Helvetica Neue', Arial, Helvetica, sans-serif; color: #222222; font-size: medium;\">Explorer is StorTrack\u2019s market analysis platform for self-storage operators, investors and developers.<\/span><\/p>\n<div class=\"nlg-entry-content\">\n<p><span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><em><strong>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<p><span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">To purchase a full market report for this or any other market, go to <a href=\"https:\/\/www.stortrack.com\/products\/explorer.html?utm_source=LSS+Eblast&amp;utm_medium=Email&amp;utm_campaign=LSS+NewsLetter\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"text-decoration: underline;\">explorer.stortrack.com<\/span>.<\/a><\/span><\/span><\/span><\/p>\n<p><span style=\"font-size: medium;\"><a href=\"https:\/\/www.stortrack.com\/products\/explorer.html?utm_source=LSS+Eblast&amp;utm_medium=Email&amp;utm_campaign=LSS+NewsLetter\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"text-decoration: underline;\"><span style=\"color: #222222; text-decoration: underline;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">Sign up <\/span><\/span><span style=\"color: #222222; text-decoration: underline;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">for<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"text-decoration: underline;\"> free<\/span><\/span><\/span><\/a><\/span><span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"> to start evaluating self-storage markets.<\/span><\/span><\/span><\/p>\n<p><a href=\"https:\/\/www.stortrack.com\/products\/explorer.html?utm_source=LSS+Eblast&amp;utm_medium=Email&amp;utm_campaign=LSS+NewsLetter\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" class=\"aligncenter wp-image-1224\" src=\"http:\/\/www.stortrack.com\/news\/wp-content\/uploads\/2022\/05\/explorer-logo_transparent.png\" alt=\"\" width=\"433\" height=\"144\" \/><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>StorTrack\u2019s featured market this month is Waterbury, CT. Waterbury is Connecticut\u2019s fifth-largest city and named for its abundant waterways. It has been nicknamed as the\u00a0Brass City\u00a0for its large brass industrial interests. How is Waterbury 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. &nbsp; Self Storage Market Metrics for Waterbury, CT (10 Minutes Drive Time) We&#8217;ve utilized our new Drive Time tool to define and analyze this&hellip;<\/p>\n","protected":false},"author":13,"featured_media":6650,"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\/6649"}],"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=6649"}],"version-history":[{"count":10,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/6649\/revisions"}],"predecessor-version":[{"id":6770,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/6649\/revisions\/6770"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media\/6650"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media?parent=6649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/categories?post=6649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/tags?post=6649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}