Sanibel, FL self-storage market

Population 6,418. Fails the self-storage screen with -15 / 100; each line below shows where the points came from.

Town score, higher = better market to buy in
-15 / 100Fail

Fails the screen

0Population 6,418: in the 2,000 to 20,000 scope
+25Income $109k: $70k+, best
-15Population -12.3% since 2015-2019: shrinking 5%+, penalty
0Renters 10.1%: under 20%, low
-1012 storage facilities within 10 mi (6 chain): 11+, penalty
-106 chain or REIT facilities within 10 mi
-5Supply 9.1 sq ft per person (226,163 sq ft / market population 24,895, 75% of facilities sized): 9 to 10 sq ft, caution
0Map point moved 1.6 mi from the Census internal point to the population center
0Score -15 is under the pass mark 15
-15Total, out of 100
Storage sq ft per person, 10 miles
9.1
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. 75% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
6,418
Residents of the Census place, ACS 5-year 2020 to 2024. 24,895 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$108,644
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
-12.3%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
10.1%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
12
0 to 3 scores best. 11 or more costs points, and chains or REITs cost more. 6 of them are chains or REITs.
Facilities whose nearest town is Sanibel
0
0 independent. Each facility is linked to the nearest scored town within 10 miles.

Facilities near Sanibel

No facility lists Sanibel as its nearest scored town.

Nearby towns

TownDistanceTown scorehigher = better market to buy in
St. James FL5 mi7 / 100Fail
Iona FL9 mi12 / 100Fail
Fort Myers Beach FL10 mi5 / 100Fail
Cypress Lake FL13 mi15 / 100Pass
McGregor FL13 mi33 / 100Pass
Whiskey Creek FL15 mi28 / 100Pass

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

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