Whippany, NJ self-storage market

Population 8,970. 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 8,970: in the 2,000 to 20,000 scope
+25Income $151k: $70k+, best
0No 2015-2019 population (new or renamed Census place)
0Renters 12.7%: under 20%, low
-1037 storage facilities within 10 mi (32 chain): 11+, penalty
-1032 chain or REIT facilities within 10 mi
+15Supply 3 sq ft per person (863,680 sq ft / market population 288,261, 65% of facilities sized): under 7 sq ft, best
20Total, out of 100
Storage sq ft per person, 10 miles
3.0
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. 65% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
8,970
Residents of the Census place, ACS 5-year 2020 to 2024. 288,261 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$151,420
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
Unknown
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
12.7%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
37
0 to 3 scores best. 11 or more costs points, and chains or REITs cost more. 32 of them are chains or REITs.
Facilities whose nearest town is Whippany
2
0 independent. Each facility is linked to the nearest scored town within 10 miles.

Facilities near Whippany

FacilityNearest townTypeReviews on MapsEst. units Members onlyWebsite Members onlyPhone Members onlyLead scorehigher = better lead Members only
CubeSmart Self StorageWhippany, NJChain or REIT491MembersMembersMembersMembers
Extra Space StorageWhippany, NJChain or REIT0MembersMembersMembersMembers

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
Cedar Knolls NJ2 mi30 / 100Pass
Troy Hills NJ2 mi20 / 100Pass
Morris Plains NJ3 mi33 / 100Pass
Florham Park NJ4 mi43 / 100Pass
Lake Hiawatha NJ4 mi30 / 100Pass
Madison NJ5 mi28 / 100Pass

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

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