Reed, MI self-storage market

Population 2,517. Passes the self-storage screen with 20 / 100; each line below shows where the points came from.

Town score, higher = better market to buy in
20 / 100Pass

Passes the screen

0Population 2,517: in the 2,000 to 20,000 scope
+15Income $52k: $50k to $65k, ok
0Population +1.8% since 2015-2019: flat (within 2%), ok
+10Renters 41%: 40%+, best
07 storage facilities within 10 mi (0 chain): 7 to 10, ok
-5Supply 9.9 sq ft per person (30,372 sq ft / market population 3,079, 57% of facilities sized): 9 to 10 sq ft, caution
20Total, out of 100
Storage sq ft per person, 10 miles
9.9
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. 57% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
2,517
Residents of the Census place, ACS 5-year 2020 to 2024. 3,079 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$52,304
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
+1.8%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
41.0%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
7
0 to 3 scores best. 11 or more costs points, and chains or REITs cost more. 0 of them are chains or REITs.
Facilities whose nearest town is Reed
4
4 independent. Each facility is linked to the nearest scored town within 10 miles.

Facilities near Reed

FacilityNearest townTypeReviews on MapsEst. units Members onlyWebsite Members onlyPhone Members onlyLead scorehigher = better lead Members only
Chestnut Self-StorageReed, MIIndependent12MembersMembersMembersMembers
Midway StorageReed, MIIndependent5MembersMembersMembersMembers
Reed City Self StorageReed, MIIndependent8MembersMembersMembersMembers
Secure Spot Self StorageReed, MIIndependent19MembersMembersMembersMembers

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
Big Rapids MI12 mi-30 / 100Fail
Canadian Lakes MI23 mi15 / 100Pass
Cadillac MI27 mi18 / 100Pass
Lake Isabella MI30 mi40 / 100Pass
Newaygo MI35 mi-15 / 100Fail
Harrison MI36 mi-16 / 100Fail

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

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