StorTrack’s featured market this month is Radcliff, KY. Radcliff is a city in Hardin County, with an economy largely driven by the U.S. Army base, Fort Knox. How is Radcliff as a self-storage market and is it a good place to consider investing in? StorTrack’s Explorer platform looks at some metrics to analyze its potential as a self-storage investment.
Current Supply:
- There is a 14.19 square feet per capita supply in this market. For comparison, Kentucky’s square feet per capita is 7.52
- Out of the 12 self-storage stores currently operating in Radcliff, one is a REIT, six are mid-size operators and five are small-size operators
- There are no new planned development projects in this market, though there are 25 active projects across the state
Rate Trends:
Rates in Radcliff have trended downward in the last 12 months. The average rate per sq ft for standard, non-climate-controlled units is currently $0.89 and $1.29 for climate-controlled units.