StorTrack’s featured market this month is Milton Keynes, England. Milton Keynes is a city and the largest settlement in Buckinghamshire, England. Milton Keynes is among the most economically productive localities in the UK. It has the UK’s fifth-highest number of business startups per capita. It is home to several major national and international companies.
How is Milton Keynes 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 Milton Keynes, UK
Current Supply:
The square feet per capita in this market is 1.65. For comparison, UK National square footage per capita is 1.83. Of the 16 self storage stores currently operating in Milton Keynes, 6 are traditional self storages, 7 container storage and 3 Hybrid Combo (self storage + container storage). There are currently no planned development projects in this market, though there are 166 active development projects across the UK.
Rate Trends:
Rates in Milton Keynes have trended downwards in the last 3 months, by -1.37%. The average weekly rate per sq ft for all units is currently £0.76 compared to the national average of £0.74.
View the Market Report for Milton Keynes, UK
Is this a good market for you to invest in? To understand Aloha’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.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 US, Canada and the UK. Sign up FREE to start evaluating self-storage markets.
