Bay Harbor Islands, FL self-storage market

Population 5,847. Passes the self-storage screen with 30 / 100; each line below shows where the points came from.

Town score, higher = better market to buy in
30 / 100Pass

Passes the screen

0Population 5,847: in the 2,000 to 20,000 scope
+25Income $90k: $70k+, best
0Population -0.2% since 2015-2019: flat (within 2%), ok
+10Renters 51.1%: 40%+, best
-1048 storage facilities within 10 mi (39 chain): 11+, penalty
-1039 chain or REIT facilities within 10 mi
+15Supply 0.8 sq ft per person (944,735 sq ft / market population 1,123,193, 92% of facilities sized): under 7 sq ft, best
30Total, out of 100
Storage sq ft per person, 10 miles
0.8
Estimated building sq ft of every facility within 10 miles, divided by everyone living within 10 miles. Under 7 is undersupplied; over 10 is crowded. 92% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
5,847
Residents of the Census place, ACS 5-year 2020 to 2024. 1,123,193 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$89,663
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
-0.2%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
51.1%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
48
0 to 3 scores best. 11 or more costs points, and chains or REITs cost more. 39 of them are chains or REITs.
Facilities whose nearest town is Bay Harbor Islands
0
0 independent. Each facility is linked to the nearest scored town within 10 miles.

Facilities near Bay Harbor Islands

No facility lists Bay Harbor Islands as its nearest scored town.

Nearby towns

TownDistanceTown scorehigher = better market to buy in
Bal Harbour FL1 mi30 / 100Pass
Surfside FL1 mi25 / 100Pass
North Bay FL3 mi30 / 100Pass
Biscayne Park FL3 mi25 / 100Pass
Miami Shores FL3 mi35 / 100Pass
Ojus FL5 mi38 / 100Pass

Town score runs 0 to 100, higher = better market to buy in. Pass Fail Check

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