Poughkeepsie’s Self-Storage Market: A Growing Opportunity
Poughkeepsie’s self-storage market has been booming as the town continues to attract newcomers and retain local businesses. With the national average household storage usage at 9.4%, Poughkeepsie stands out with nearly 12% of households renting storage units, reflecting local housing constraints.
Key Data on Poughkeepsie Self-Storage Market The self-storage market here benefits from above-average rental rates, with an average of $1.20 per square foot. Occupancy rates remain above 90%, supported by a mix of residential and commercial tenants.
Investor Insights
High Demand: Poughkeepsie’s population growth supports steady demand, especially for smaller units.
Revenue Potential: Facility owners report 6% rental rate increases annually, surpassing national growth rates of 4%.
Conclusion Self-storage facilities in Poughkeepsie present valuable income potential for investors.
Interested in Selling or Buying a Self-Storage Facility in Poughkeepsie? Contact Birchwood Property to find out more about opportunities in Poughkeepsie’s self-storage market. Reach out today!