{"id":7459,"date":"2024-10-14T16:54:14","date_gmt":"2024-10-14T16:54:14","guid":{"rendered":"https:\/\/listselfstorage.com\/us\/industry-insights\/?p=7459"},"modified":"2024-11-15T13:37:27","modified_gmt":"2024-11-15T13:37:27","slug":"self-storage-market-of-the-month-reston-va","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/self-storage-market-of-the-month-reston-va\/","title":{"rendered":"Self Storage Market of the Month: Reston, VA"},"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 Reston, VA. Reston is experiencing strong economic growth and population increases, fueled by its tech industry and proximity to D.C. With urbanization, rising housing density, and a high median income, Reston offers opportunities for developers to serve a growing and affluent community.<\/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 Reston 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<\/div>\n<\/header>\n<div class=\"nlg-entry-content\">\n<h2 style=\"text-align: center;\"><strong><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 Reston, VA<br \/>\n(Within 10-Minute Drive Time)<\/span><\/span><\/span><\/strong><\/h2>\n<\/div>\n<p><img loading=\"lazy\" class=\"size-full wp-image-7506 aligncenter\" src=\"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2024\/10\/mom-metrics_reston_va.png\" alt=\"\" width=\"600\" height=\"400\" \/><\/p>\n<p>&nbsp;<\/p>\n<h2><b style=\"font-size: medium; font-family: Lato, 'Helvetica Neue', Arial, Helvetica, sans-serif; color: #222222;\">Current Supply<\/b><\/h2>\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 5.65 square feet per capita in this market. For comparison, Virginia&#8217;s square feet per capita is 8.01<\/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 9 self-storage facilities currently operating in Reston, six are REITs and three are large operators<\/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 two new planned development projects in this market, though there are 116 active projects across the state<\/span><\/span><\/span><\/li>\n<\/ul>\n<h2><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\"><b>Rate Trends<\/b><\/span><\/span><\/span><\/h2>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Rates in Reston have trended upward in the last 12 months. The average rate per sq ft for a standard unit is $1.79 and climate-controlled units are currently $2.01.<\/span><\/span><\/span><\/p>\n<\/div>\n<div class=\"nlg-entry-content\">\n<h3 style=\"text-align: center;\"><strong><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?<\/span><\/span><\/span><\/strong><\/h3>\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;\">To understand Reston&#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-%20Reston%2c%20VA.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-%20Reston%2c%20VA.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" class=\"aligncenter wp-image-7460\" src=\"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2024\/10\/View-Report_Reston-VA.png\" alt=\"\" width=\"555\" height=\"185\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: medium;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\">Explorer is StorTrack\u2019s market analysis platform for self-storage operators, investors and developers.<\/span><\/span><\/span><\/p>\n<p style=\"text-align: center;\"><em><strong><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Explorer is available for the evaluation of any primary, secondary and tertiary market in the US, Canada and the UK.<\/span><\/span><\/span><\/strong><\/em><\/p>\n<p style=\"text-align: center;\"><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, please visit <\/span><\/span><a href=\"http:\/\/www.StoTrack.com\/products\/explorer\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><u><b>www.StoTrack.com\/products\/explorer<\/b><\/u><\/span><\/span><\/a><\/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;\"><a href=\"https:\/\/explorer.stortrack.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"text-decoration: underline;\"><strong>Sign up for free<\/strong><\/span><\/a> to start evaluating self-storage markets.<\/span><\/span><\/span><\/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 Reston, VA. Reston is experiencing strong economic growth and population increases, fueled by its tech industry and proximity to D.C. With urbanization, rising housing density, and a high median income, Reston offers opportunities for developers to serve a growing and affluent community. How is Reston 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 Reston, VA&hellip;<\/p>\n","protected":false},"author":13,"featured_media":7461,"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\/7459"}],"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=7459"}],"version-history":[{"count":3,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/7459\/revisions"}],"predecessor-version":[{"id":7508,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/7459\/revisions\/7508"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media\/7461"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media?parent=7459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/categories?post=7459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/tags?post=7459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}