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StorTrack Market of the Month: Fall River, Mass.

StorTrack’s featured market this month is Fall River, Mass. Fall River is a city in Bristol County, Mass. Fall River’s abundant waterpower, harbor and humid climate encouraged the growth of textile milling. Today, the textile and clothing industries continue to be the city’s largest source of employment.

How is Fall River as a self-storage market and is it a good place to consider investing in? We’ve used StorTrack’s Explorer platform to look at some metrics to analyze its potential as a self-storage investment.

Self Storage Market Metrics for Fall River, Mass.

Current Supply:

  • There is a 5.11 square feet per capita supply in this market. For comparison, Massachusetts’s square feet per capita is 5.02
  • Out of the 8 self-storage stores currently operating in Fall River, two are REITs, three mid-size operators and three small-size operators
  • There are no new planned development projects in this market, though there are 90 active projects across the state

Rate Trends:

Rates in Fall River have trended downward in the last 12 months. The average rate per sq ft for standard, non-climate-controlled units is currently $1.75 and $2.02 for climate-controlled units. 

View the Market Report for Fall River, MA

Is this a good market for you to invest in? To understand Fall River’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.

Explorer is available for the evaluation of any primary, secondary and tertiary market in the US, Canada and the UK.

To purchase a full market report for this or any other market, go to explorer.stortrack.com.

 

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