StorTrack’s featured market this month is Folsom, Calif., a city in the Sacramento region, known for its strong economy, driven by major employers like Intel and Kaiser Permanente. It boasts highly ranked schools, low crime rate, abundant natural amenities like Folsom Lake, and ongoing residential and commercial development.
How is Folsom 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 Folsom
Current Supply:
- There is a supply of 6.90 square feet per capita in this market. For comparison, California’s square feet per capita is 6.51
- Folsom is home to nine self-storage facilities, including two REITs, four large operators, one mid-size operator and two single operators
- There are no new planned development projects in this market, though there are 311 active projects across the state
Rate Trends
Rates in Folsom have trended upward in the last 12 months. The average rate per square foot for a standard unit is $1.82 and climate-controlled units are currently $1.58
Is this a good market for you to invest in? To understand Folsom’s potential as a self-storage market, view this complimentary report, giving you useful market statistics and metrics.
