StorTrack’s featured market this month is Sandy Springs, GA. Sandy Springs is a city in northern Fulton County, Georgia, United States. It is the seventh-largest city in Georgia and the site of several corporate headquarters. The largest employers within Sandy Springs are hospitals, headquarters and regional offices from a variety of industries including computer-related services, package delivery, telecommunications, media, and financial transaction processing.
How is Sandy Springs 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 Sandy Springs, GA
Current Supply
The square feet per capita in this market is 5.79. For comparison, Georgia’s square footage per capita is 8.67. All the 8 self storage stores currently operating in Sandy Springs are REITs. There are currently no planned development projects in this market, though there are 172 active projects across the state.
Rate Trends
Rates in Sandy Springs have trended upwards in the last 3 months, by 12.84%. The average rate per sq ft for standard, non-climate-controlled units is currently $1.28 and $1.52 for climate-controlled units.
View the Market Report for Sandy Springs, GA
Is this a good market for you to invest in? To understand Sandy Spring’s potential as a self-storage market, view this free report, giving you useful market statistics and metrics. Additional metrics available with report purchase.
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 US, Canada and the UK. Sign up for free to start evaluating self-storage markets.
