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29 Jan, 2024
Analysis | Latest
Self Storage Market Insights: Denver
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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 past weekend I was in Denver and saw Self Storage facilities everywhere. The Denver-Aurora-Lakewood, CO CBSA is the 20th largest market for self storage in the US, and has a square foot per capita of a bit under 7.

However it looks like supply hasn’t grown too much in the past 2 years in this area, with only .9% of new supply being added in 2023 and .4% in 2022. This growth trend seems likely to continue as well as there’s only .6% more supply currently under construction.