{"id":7014,"date":"2024-08-26T15:07:31","date_gmt":"2024-08-26T15:07:31","guid":{"rendered":"https:\/\/listselfstorage.com\/us\/industry-insights\/?p=7014"},"modified":"2024-09-30T08:07:14","modified_gmt":"2024-09-30T08:07:14","slug":"self-storage-market-of-the-month-lowell-ma","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/self-storage-market-of-the-month-lowell-ma\/","title":{"rendered":"Self Storage Market of the Month: Lowell, MA"},"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 Lowell, MA. Lowell has a steadily growing local economy, driven by a mix of advanced manufacturing, healthcare, education, and technology sectors, with ongoing revitalization efforts boosting small businesses and attracting new investments to the city.<\/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 Lowell 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 Lowell, MA<\/span><\/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 <a href=\"https:\/\/www.stortrack.com\/products\/explorer.html\">StorTrack Explorer&#8217;s<\/a> <strong>new Polygon Mapping Tool<\/strong> to define and analyze this market!<\/span><\/span><\/span><\/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;\">This tool gives you even more precise and valuable insights into market trends, supply and demand.<\/span><\/span><\/span><\/p>\n<\/div>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" class=\"size-full wp-image-7019 aligncenter\" src=\"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2024\/08\/MOM-Metrics_Lowell_MA.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=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">There is a supply of 3.47 square feet per capita in this market within 7+ miles using the polygon mapping tool. For comparison, Massachusetts&#8217;s\u00a0square feet per capita is 5.08<\/span><\/span><\/span><\/li>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Out of the 4 self-storage facilities currently operating in Lowell, one is a REIT, two are mid-size operators and one small operator<\/span><\/span><\/span><\/li>\n<li><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">There are no new planned development projects in this market, though there are 91 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=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Rates in Lowell have trended upward in the last 12 months. The average rate per sq ft for standard, non-climate-controlled units is currently $1.95 and $2.25 for climate-controlled units.<\/span><\/span><\/span><\/p>\n<\/div>\n<p><img loading=\"lazy\" class=\"size-full wp-image-7018 aligncenter\" src=\"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2024\/08\/12-Months-10x10-Climate-Controlled_Lowell-MA.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 Lowell, MA<\/span><\/span><\/u><\/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;\">Is this a good market for you to invest in? To understand Lowell&#8217;s potential as a self-storage market, <a href=\"https:\/\/4297816.fs1.hubspotusercontent-na1.net\/hubfs\/4297816\/Market%20of%20the%20Month%20Reports\/Market%20of%20the%20Month%20-%20Lowell%2c%20MA.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"><strong><span style=\"text-decoration: underline;\">view this complimentary report<\/span><\/strong><\/a>, giving you useful market statistics and metrics.<br \/>\n<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-%20Lowell%2c%20MA.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" class=\"aligncenter wp-image-7017 size-full\" src=\"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2024\/08\/View-Report_LowellMA.png\" alt=\"\" width=\"600\" height=\"200\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>Explorer is StorTrack\u2019s market analysis platform for self-storage operators, investors and developers.<\/p>\n<p><em><strong>Explorer is available for the evaluation of any primary, secondary and tertiary market in the US,\u00a0 Canada and the UK<\/strong><\/em>.<\/p>\n<p>To purchase a full market report for this or any other market, please visit <a href=\"https:\/\/www.stortrack.com\/products\/explorer.html\">www.StoTrack.com\/products\/explorer<\/a><\/p>\n<p><a href=\"https:\/\/explorer.stortrack.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Sign up for free<\/a>\u00a0to start evaluating self-storage markets.<\/p>\n<div class=\"nlg-entry-content\">\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 Lowell, MA. Lowell has a steadily growing local economy, driven by a mix of advanced manufacturing, healthcare, education, and technology sectors, with ongoing revitalization efforts boosting small businesses and attracting new investments to the city. How is Lowell 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 Lowell, MA We&#8217;ve utilized StorTrack Explorer&#8217;s new Polygon&hellip;<\/p>\n","protected":false},"author":13,"featured_media":7015,"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\/7014"}],"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=7014"}],"version-history":[{"count":4,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/7014\/revisions"}],"predecessor-version":[{"id":7074,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/7014\/revisions\/7074"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media\/7015"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media?parent=7014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/categories?post=7014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/tags?post=7014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}