What Are Good Average and Median Incomes for a Self-Storage Trade Area?

Creating Wealth Through Self Storage

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2M ago 12:47

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Although I did not attend the most recent Self Storage Association convention in Las Vegas, I have been studying many of the sessions that occurred there.

One thing I found very interesting was the presentation that showed the results of StorageMart’s Compound Annual Growth Rate (CAGR) of Net Operating Income over the past five years using the data from 75 stores.

Let me share my takeaways from that and one way we use this idea in the real world as we look at opportunities.

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