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StorTrack’s Market of the Month: Bethlehem, Pa.

StorTrack’s Market of the Month: Bethlehem, Pa.StorTrack’s featured market this month is Bethlehem, a city in the Lehigh Valley region of eastern Pennsylvania. Executive workshop in St. LouisThis historical city is the home of Lehigh University, as well as many community events and traditional entertainment that make this diverse city a place to see year-round.

How is Bethlehem 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.

 

Self Storage Market Metrics for Bethlehem, Pa.

StorTrack’s Market of the Month: Bethlehem, Pa.

Current Supply:

  • There is a 6.55 square feet per capita supply in this market. For comparison, Pennsylvania’s square feet per capita is 5.85
  • Out of the 11 self-storage stores currently operating in Bethlehem, seven are mid-size operators and four are small-size operators
  • There are two new planned development projects in this market, though there are 159 active projects across the state

Rate Trends:

Rates in Bethlehem have trended downward in the last 12 months. The average rate per sq ft for standard, non-climate-controlled units is currently $1.65 and $2.19 for climate-controlled units.

StorTrack’s Market of the Month: Bethlehem, Pa.

 

View the Market Report for Bethlehem, PA

To understand Bethlehem’s potential as a self-storage market, view this complimentary report, giving you useful market statistics and metrics. Additional metrics available with report purchase.

Explorer is StorTrack’s market analysis platform for self-storage operators, investors and developers. The platform provides data for any primary, secondary and tertiary markets in the United States, Canada and the United Kingdom.

 

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