by: Josh Parker
Determining self-storage demand per person is an essential step early in your land search. There is not a one-size-fits-all all number for every location since demand can and does vary from state to state and even area to area within a state or city.
Demand calculations are simple using an online service that provides the population and the existing self-storage square footage.
We use www.Radiusplus.com to help us to review and determine the existing self-storage and the existing and pipeline facilities.
Radius Plus provides both the existing and pipeline (proposed) self-storage in sq/person for a given radius. It should be noted all existing and pipeline facilities may not be included in online sites, so you need to both drive the area to confirm the existing competition and ask the city if there has been any recent submissions or approvals for new self-storage.
Sign up for your Radius account and take their free quick radius intro tour.
Watch our Storage Authority Intro to Radius+ here:
Josh Parker is VP of Technology and Development at Storage Authority. A tech guru with a background in large facility operations and team leadership, Josh is passionate about helping individuals and teams achieve success! He can be reached at josh@storageauthority.com, by phone at (203) 213-7438, and can also often be seen visiting local coffee shops across Central Connecticut.
If you want to learn more about Storage Authority Franchise Opportunities, you can request a call here www.storageauthorityfranchise.com/opportunity4