StorTrack’s featured market this month is St. Albans. St Albans is a cathedral city in Hertfordshire, England. St Albans is within the London commuter belt and the Greater London Built-up Area. Local government services are now provided by Hertfordshire County Council (strategic services) and St Albans City and District Council. St Albans has a highly skilled workforce and Deloitte, Spreadex, AECOM, PricewaterhouseCoopers and Premier Foods have offices in the district.
How is St. Albans 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 St. Albans, UK
Current Supply:
The square feet per capita in this market is 1.23. For comparison, UK national square footage per capita is 1.83. Of the four self storage stores currently operating in St. Albans, three are traditional self storages and one container storage. There are currently no planned development projects in this market, though there are 146 active development projects across the UK.
Rate Trends:
Rates in St. Albans have trended upwards in the last three months, by 4.24%. The average weekly rate per square foot for all units is currently £1.24 compared to the national average of £0.75.
View the Market Report for St. Albans, UK
Is this a good market for you to invest in? To understand St. Albans’s potential as a self-storage market, view the below 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.
