Highland Park, MI self-storage market

Population 8,628. Fails the self-storage screen with -10 / 100; each line below shows where the points came from.

Town score, higher = better market to buy in
-10 / 100Fail

Fails the screen

0Population 8,628: in the 2,000 to 20,000 scope
0Income $29k: under $45k, hard fail
-15Population -20.6% since 2015-2019: shrinking 5%+, penalty
+10Renters 55.5%: 40%+, best
-1040 storage facilities within 10 mi (25 chain): 11+, penalty
-1025 chain or REIT facilities within 10 mi
+15Supply 1.2 sq ft per person (1,533,468 sq ft / market population 1,279,823, 85% of facilities sized): under 7 sq ft, best
-10Total, out of 100
Storage sq ft per person, 10 miles
1.2
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. 85% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
8,628
Residents of the Census place, ACS 5-year 2020 to 2024. 1,279,823 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$29,309
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
-20.6%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
55.5%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
40
0 to 3 scores best. 11 or more costs points, and chains or REITs cost more. 25 of them are chains or REITs.
Facilities whose nearest town is Highland Park
4
3 independent. Each facility is linked to the nearest scored town within 10 miles.

Facilities near Highland Park

FacilityNearest townTypeReviews on MapsEst. units Members onlyWebsite Members onlyPhone Members onlyLead scorehigher = better lead Members only
CubeSmart Self StorageHighland Park, MIChain or REIT131MembersMembersMembersMembers
National StorageHighland Park, MIIndependent48MembersMembersMembersMembers
Your Personal Vault - FranklinHighland Park, MIIndependent62MembersMembersMembersMembers
Your Personal Vault - MechanicHighland Park, MIIndependent101MembersMembersMembersMembers

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

Showing 4 of 4 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
Hazel Park MI4 mi8 / 100Fail
Ferndale MI4 mi20 / 100Pass
Pleasant Ridge MI5 mi28 / 100Pass
Center Line MI6 mi28 / 100Pass
Huntington Woods MI6 mi20 / 100Pass
Berkley MI8 mi20 / 100Pass

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

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