Franklin Lakes, NJ self-storage market

Population 11,084. 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 11,084: in the 2,000 to 20,000 scope
+25Income $236k: $70k+, best
0Population +1.3% since 2015-2019: flat (within 2%), ok
0Renters 11.1%: under 20%, low
-1056 storage facilities within 10 mi (35 chain): 11+, penalty
-1035 chain or REIT facilities within 10 mi
+15Supply 1.8 sq ft per person (1,220,646 sq ft / market population 690,896, 80% of facilities sized): under 7 sq ft, best
20Total, out of 100
Storage sq ft per person, 10 miles
1.8
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. 80% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
11,084
Residents of the Census place, ACS 5-year 2020 to 2024. 690,896 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$235,795
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
+1.3%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
11.1%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
56
0 to 3 scores best. 11 or more costs points, and chains or REITs cost more. 35 of them are chains or REITs.
Facilities whose nearest town is Franklin Lakes
1
1 independent. Each facility is linked to the nearest scored town within 10 miles.

Facilities near Franklin Lakes

FacilityNearest townTypeReviews on MapsEst. units Members onlyWebsite Members onlyPhone Members onlyLead scorehigher = better lead Members only
Access Self StorageFranklin Lakes, NJIndependent101MembersMembersMembersMembers

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

Showing 1 of 1 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
Oakland NJ2 mi20 / 100Pass
Pines Lake NJ3 mi20 / 100Pass
North Haledon NJ3 mi28 / 100Pass
Midland Park NJ3 mi17 / 100Pass
Allendale NJ4 mi20 / 100Pass
Waldwick NJ4 mi20 / 100Pass

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

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