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2 Sep, 2026
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Colorado Springs Storage Market Analysis: Supply Growth & Demand Drivers
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Written by James McLean

James McLean is the Head of Business Development at Radius+. James helps maintain external relationships with clients and assisting internally with the sales process. He also, manages internal data processes working alongside the operations team to ensure we are supporting high level data quality.

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This week the Radius+ team took a closer look at the Colorado Springs, CO CBSA.

Historical Supply Growth in Portland-Vancouver-Hillsboro, OR-WA CBSA:

2020: 10.6%

2021: 3.5%

2022: 2%

2023: 2.7%

2024: 5.2%

2025: 3.1%

2026: 1.1%

Colorado Springs saw a large influx of supply in 2024, temporarily suppressing rental rates. The metro continues to attract population growth due to a strong military presence, a diversified local economy, and expanding tourism. Ample land availability has supported affordable housing and encouraged new residents to relocate to the area, which in turn drives storage demand. With multiple demand drivers in place, Colorado Springs is positioned for recovery as the current inventory leases up.