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Springfield, MI self-storage market

Population 5,269. Fails the self-storage screen with 5 / 100; each line below shows where the points came from.

Town score, higher = better market to buy in
5 / 100Fail

Fails the screen

0Population 5,269: in the 2,000 to 20,000 scope
0Income $45k: under $45k, hard fail
0Population +1.5% since 2015-2019: flat (within 2%), ok
+10Renters 47.9%: 40%+, best
-1021 storage facilities within 10 mi (8 chain): 11+, penalty
-108 chain or REIT facilities within 10 mi
+15Supply 5.2 sq ft per person (354,138 sq ft / market population 68,115, 76% of facilities sized): under 7 sq ft, best
5Total, out of 100
Storage sq ft per person, 10 miles
5.2
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. 76% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
5,269
Residents of the Census place, ACS 5-year 2020 to 2024. 68,115 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$44,808
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
+1.5%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
47.9%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
21
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 Springfield
17
9 independent. Each facility is linked to the nearest scored town within 10 miles.

Facilities near Springfield

FacilityNearest townTypeReviews on MapsEst. units Members onlyWebsite Members onlyPhone Members onlyLead scorehigher = better lead Members only
AAA Mini StorageSpringfield, MIIndependent100MembersMembersMembersMembers
B Drive Self StorageSpringfield, MIIndependent43MembersMembersMembersMembers
Boxer StorageSpringfield, MIIndependent25MembersMembersMembersMembers
Extra Space StorageSpringfield, MIChain or REIT502MembersMembersMembersMembers
Pennfield Self Storage in Battle Creek, MISpringfield, MIIndependent47MembersMembersMembersMembers
Pirates Cove Storage Battle CreekSpringfield, MIIndependent71MembersMembersMembersMembers
Safe Store StorageSpringfield, MIIndependent4MembersMembersMembersMembers
Sonoma Storage LLC.Springfield, MIIndependent3MembersMembersMembersMembers
SpareBox StorageSpringfield, MIChain or REIT58MembersMembersMembersMembers
SpareBox StorageSpringfield, MIChain or REIT146MembersMembersMembersMembers
Storage Rentals of AmericaSpringfield, MIChain or REIT164MembersMembersMembersMembers
Storage Rentals of AmericaSpringfield, MIChain or REIT47MembersMembersMembersMembers
Storage Rentals of AmericaSpringfield, MIChain or REIT31MembersMembersMembersMembers
Storage Rentals of AmericaSpringfield, MIChain or REIT128MembersMembersMembersMembers
Storage Units Battle CreekSpringfield, MIIndependent1MembersMembersMembersMembers
Store Space Self StorageSpringfield, MIChain or REIT675MembersMembersMembersMembers
West Dickman Road Self StorageSpringfield, MIIndependent173MembersMembersMembersMembers

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

Showing 17 of 17 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
Level Park-Oak Park MI4 mi5 / 100Fail
Galesburg MI10 mi3 / 100Fail
Marshall MI14 mi-8 / 100Fail
Comstock Northwest MI14 mi15 / 100Pass
Eastwood MI16 mi33 / 100Pass
Parchment MI17 mi38 / 100Pass

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

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