Chatham, NJ self-storage market

Population 9,407. Passes the self-storage screen with 28 / 100; each line below shows where the points came from.

Town score, higher = better market to buy in
28 / 100Pass

Passes the screen

0Population 9,407: in the 2,000 to 20,000 scope
+25Income $242k: $70k+, best
+8Population +6.7% since 2015-2019: growing 2% to 10%, good
0Renters 17.5%: under 20%, low
-1044 storage facilities within 10 mi (34 chain): 11+, penalty
-1034 chain or REIT facilities within 10 mi
+15Supply 2.9 sq ft per person (1,421,313 sq ft / market population 484,891, 86% of facilities sized): under 7 sq ft, best
28Total, out of 100
Storage sq ft per person, 10 miles
2.9
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. 86% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
9,407
Residents of the Census place, ACS 5-year 2020 to 2024. 484,891 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$241,500
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
+6.7%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
17.5%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
44
0 to 3 scores best. 11 or more costs points, and chains or REITs cost more. 34 of them are chains or REITs.
Facilities whose nearest town is Chatham
2
2 independent. Each facility is linked to the nearest scored town within 10 miles.

Facilities near Chatham

FacilityNearest townTypeReviews on MapsEst. units Members onlyWebsite Members onlyPhone Members onlyLead scorehigher = better lead Members only
Chatham Moving & StorageChatham, NJIndependent50MembersMembersMembersMembers
Westy Self StorageChatham, NJIndependent109MembersMembersMembersMembers

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

Showing 2 of 2 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
Madison NJ2 mi28 / 100Pass
Florham Park NJ2 mi43 / 100Pass
Short Hills NJ3 mi35 / 100Pass
New Providence NJ3 mi33 / 100Pass
Mountainside NJ4 mi28 / 100Pass
Vauxhall NJ6 mi30 / 100Pass

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

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