{"id":7674,"date":"2024-11-11T11:51:27","date_gmt":"2024-11-11T11:51:27","guid":{"rendered":"https:\/\/listselfstorage.com\/us\/industry-insights\/?p=7674"},"modified":"2025-01-20T11:23:40","modified_gmt":"2025-01-20T11:23:40","slug":"self-storage-market-of-the-month-passaic-nj","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/self-storage-market-of-the-month-passaic-nj\/","title":{"rendered":"Self Storage Market of the Month: Passaic, NJ"},"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 Passaic, NJ. Passaic is located north of Newark on the Passaic River and boasts a diverse economy spanning health care, manufacturing, and retail.<\/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 Passaic 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;\"><span style=\"text-decoration: underline;\">Self Storage Market Metrics for Passaic, NJ<\/span><br \/>\n<\/span><\/span><\/span><\/strong><\/h2>\n<\/div>\n<p><img loading=\"lazy\" class=\" wp-image-7684 aligncenter\" src=\"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2024\/11\/MOM-Metrics_Passaic-NJ_Nov24.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 2.87 square feet per capita in this market. For comparison, New Jersey&#8217;s square feet per capita is 5.53<\/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;\">Of the four self-storage facilities currently operating in Passaic, two are large operators, while the other two are medium and small operators, respectively.<\/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 157 active projects across the state<\/span><\/span><\/span><\/li>\n<\/ul>\n<h2><img loading=\"lazy\" class=\" wp-image-7676 aligncenter\" src=\"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2024\/11\/MOM_Passaic-NJ_Avg-Rate-Image.png\" alt=\"\" width=\"620\" height=\"170\" \/><\/h2>\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 downward in the last 12 months. The average rate per sq ft for a standard unit is $1.84 and climate-controlled units are currently $1.40.<\/span><\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<div class=\"nlg-entry-content\">\n<h2 style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong><span style=\"font-size: large;\"><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?<\/span><\/span><\/span><\/strong><\/span><\/h2>\n<p>&nbsp;<\/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;\">To understand Passaic&#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-%20Passaic%2c%20NJ.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.<\/span><\/span><\/span><\/p>\n<p 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;\"><em>Additional metrics available with report purchase.<\/em><\/span><\/span><\/span><\/strong><\/p>\n<p><a href=\"https:\/\/4297816.fs1.hubspotusercontent-na1.net\/hubfs\/4297816\/Market%20of%20the%20Month%20Reports\/Market%20of%20the%20Month%20-%20Passaic%2c%20NJ.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" class=\"aligncenter wp-image-7675\" src=\"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2024\/11\/MOM_View-Report_Passaic-NJ-New.png\" alt=\"\" width=\"602\" height=\"226\" srcset=\"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2024\/11\/MOM_View-Report_Passaic-NJ-New.png 1600w, https:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2024\/11\/MOM_View-Report_Passaic-NJ-New-1536x576.png 1536w\" sizes=\"(max-width: 602px) 100vw, 602px\" \/><\/a><\/p>\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;\"><span style=\"text-decoration: underline;\">Instant Market Analysis<\/span><\/span><\/span><\/span><\/strong><\/h2>\n<p>&nbsp;<\/p>\n<\/div>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Get a comprehensive market report for this or any market\u2014visit <a href=\"http:\/\/www.StorTrack.com\/products\/explorer\" target=\"_blank\" rel=\"noopener noreferrer\"><u><b>www.StorTrack.com\/products\/explorer<\/b><\/u><\/a>. StorTrack\u2019s Explorer platform is the go-to market analysis tool, designed specifically for self-storage operators, investors, and developers.<\/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;\">With Explorer, access in-depth evaluations of primary, secondary, and tertiary markets across the US, Canada, Europe, and the UK. <a href=\"https:\/\/www.stortrack.com\/products\/explorer.html\" target=\"_blank\" rel=\"noopener noreferrer\"><u><b>Sign up for free<\/b><\/u><\/a> today and start making informed investment decisions with confidence!<\/span><\/span><\/span><\/p>\n<p><img loading=\"lazy\" class=\"aligncenter\" src=\"https:\/\/hs-4297816.f.hubspotemail.net\/hub\/4297816\/hubfs\/Drive%20Time_Green%20Bay-1.png?upscale=true&amp;width=1120&amp;upscale=true&amp;name=Drive%20Time_Green%20Bay-1.png\" alt=\"Drive Time_Green Bay-1\" width=\"750\" height=\"352\" \/><\/p>\n<p><a href=\"https:\/\/www.stortrack.com\/products\/explorer.html\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" class=\"aligncenter wp-image-7677\" src=\"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2024\/11\/Explorer_Try-for-free-button.png\" alt=\"\" width=\"240\" height=\"60\" \/><\/a><\/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;\">1-800-969-7424 | <a href=\"http:\/\/www.StorTrack.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"text-decoration: underline;\"><strong>www.StorTrack.com<\/strong><\/span><\/a> | <a href=\"mailto:info@stortrack.com\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"text-decoration: underline;\"><strong>info@stortrack.com<\/strong><\/span><\/a><\/span><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>StorTrack\u2019s featured market this month is Passaic, NJ. Passaic is located north of Newark on the Passaic River and boasts a diverse economy spanning health care, manufacturing, and retail. How is Passaic 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 Passaic, NJ &nbsp; Current Supply There is a supply of 2.87 square feet per capita in this market. For comparison, New&hellip;<\/p>\n","protected":false},"author":13,"featured_media":7714,"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\/7674"}],"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=7674"}],"version-history":[{"count":7,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/7674\/revisions"}],"predecessor-version":[{"id":7685,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/7674\/revisions\/7685"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media\/7714"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media?parent=7674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/categories?post=7674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/tags?post=7674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}