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19 Dec, 2022
Analysis | Latest
Climate Controlled Units Vs. Non Climate Controlled Units
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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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With the year wrapping up we can see how the average price per square foot for 10×10 CC units compared to the average price per square foot for 10×10 NCC units in the top 25 markets.

From January 1st 2021 to December 18th 2021 the average price per square foot for a 10×10 CC units was $1.40. Whereas from January 1st 2022 to December 18th 2022 average price per square foot was $1.46 a 4.2% increase YoY.

The same time frame for a 10×10 NCC units saw unit a 2.45% increase from $1.23 per square foot to $1.26 per square foot.

The take away being that 10×10 CC units have been able to increase in rates YoY more than 10×10 NCC units. Showing that CC units seem to be more in demand than NCC units in the past year.