Galesburg, MI self-storage market

Population 2,023. Fails the self-storage screen with 3 / 100; each line below shows where the points came from.

Town score, higher = better market to buy in
3 / 100Fail

Fails the screen

0Population 2,023: in the 2,000 to 20,000 scope
+15Income $52k: $50k to $65k, ok
-15Population -5.9% since 2015-2019: shrinking 5%+, penalty
+8Renters 31.9%: 30% to 40%, good
-1031 storage facilities within 10 mi (8 chain): 11+, penalty
-108 chain or REIT facilities within 10 mi
+15Supply 3.6 sq ft per person (560,379 sq ft / market population 154,933, 81% of facilities sized): under 7 sq ft, best
0Score 3 is under the pass mark 15
3Total, out of 100
Storage sq ft per person, 10 miles
3.6
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. 81% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
2,023
Residents of the Census place, ACS 5-year 2020 to 2024. 154,933 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$52,153
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
-5.9%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
31.9%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
31
0 to 3 scores best. 11 or more costs points, and chains or REITs cost more. 8 of them are chains or REITs.
Facilities whose nearest town is Galesburg
5
5 independent. Each facility is linked to the nearest scored town within 10 miles.

Facilities near Galesburg

FacilityNearest townTypeReviews on MapsEst. units Members onlyWebsite Members onlyPhone Members onlyLead scorehigher = better lead Members only
A Place To Store - Self StorageGalesburg, MIIndependent38MembersMembersMembersMembers
Make Some Space StorageGalesburg, MIIndependent11MembersMembersMembersMembers
My Storage GalesburgGalesburg, MIIndependent79MembersMembersMembersMembers
Prestige Storage - GalesburgGalesburg, MIIndependent94MembersMembersMembersMembers
Riverbend Storage, LLCGalesburg, MIIndependent6MembersMembersMembersMembers

Lead score runs 0 to 100, higher = better lead. Lead Weak Fail

Showing 5 of 5 facilities, sorted by name. Members see all of them with every field, sorted by lead score, highest first.

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Nearby towns

TownDistanceTown scorehigher = better market to buy in
Comstock Northwest MI6 mi15 / 100Pass
Eastwood MI7 mi33 / 100Pass
Parchment MI8 mi38 / 100Pass
Level Park-Oak Park MI9 mi5 / 100Fail
Springfield MI10 mi5 / 100Fail
Westwood MI11 mi12 / 100Fail

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

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