Westminster is a municipality located in Adams and Jefferson counties, Colorado. Westminster’s top employers represent leading companies in high-tech, medical, energy and other expanding fields.
How is Westminster as a self-storage market and is it a good place to consider investing in? StorTrack’s Explorer platform looks at key metrics to analyze its potential as a self-storage investment, which can also be a resourceful tool for those speculating on developing RV and boat storage in the area.
Self Storage Market Metrics for Westminster, Colo.
Current Supply
The square feet per capita in this market is 5.71. For comparison, Colorado’s square feet per capita is 9.83. Out of the eight self storage stores currently operating in Westminster, five are REIT and the other three are medium operators. There are currently no planned development projects in this market, though there are 53 active projects across the state.
Rate Trends
Rates in Westminster have trended up in the last three months by 8.11%. The average rate per square foot for standard, non-climate-controlled units is currently $1.81 and $2.11 for climate-controlled units.
StorTrak provides numerous data sets that are valuable for self-storage and rec-vehicle storage or hybrid storage developers alike.
To purchase a full market report for this or any other market, go to explorer.stortrack.com. Explorer is StorTrack’s market analysis platform for self-storage operators, investors and developers. Explorer is available for the evaluation of any primary, secondary and tertiary market in the U.S., Canada and the UK. Sign up for free to start evaluating self-storage markets.
One of a Kind: Register Now for the TSN Executive Workshop, Sept. 29
Interested in learning more about developing a Class A RV and boat storage facility, conducting a feasibility study, understanding finance options, marketing your site successfully, identifying what technology tools you’ll need to keep your site safe and sound, and much more? Then you will want to register soon for Toy Storage Nation’s Executive RV and Boat Storage Workshop on Sept. 29, in the Reno/Lake Tahoe area of Nevada.
Industry pioneers/veterans will share a wealth of experience with attendees, providing invaluable lessons learned, and answering any questions that arise throughout the workshop. This accelerated day of education in the rec-vehicle storage industry is not available anywhere in the country. Limited seats are available, so claim your spot today.
