StorTrack’s featured market this month is Hemel Hempstead. Hemel Hempstead is a town in the Dacorum district in Hertfordshire, England. St Albans District Council has plans to meet its 2,500 new homes building target by building on land to the east of Hemel Hempstead near the M1 motorway. Land to the west of Chaulden and Warners End has been removed from the Green Belt designation and is due for development with 900 new homes. There are seven state-maintained secondary schools in the town and in addition, there is a West Herts College Campus based in the town centre.
How is Hemel Hempstead 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 Hemel Hempstead, UK
Current Supply:
The square feet per capita in this market is 2.9. For comparison, UK national square footage per capita is 1.84. Of the six self storage stores currently operating in Hemel Hempstead, five are traditional self storages and one container storage. There are currently no planned development projects in this market, though there are 155 active development projects across the UK.
Rate Trends:
Rates in Hemel Hempstead have trended upwards in the last three months, by 3.07%. The average weekly rate per square foot for all units is currently £1.05 compared to the national average of £0.73.
View the Market Report for Milton Keynes, UK
Is this a good market for you to invest in? To understand Hemel Hempstead’s potential as a self-storage market, view this complimentary 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, visit explorer.stortrack.co.uk.
Explorer is StorTrack’s market analysis platform for self-storage operators, investors and developers and is available for the evaluation of any primary, secondary and tertiary market in the UK, US and Canada. Sign up FREE to start evaluating self-storage markets.
