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19 Nov, 2024
Analysis | Latest
California Self-Storage: Top Growing Markets
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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 state of California to identify the top 3 markets that saw the most growth in the past 2 years.

Los Angeles-Long Beach-Anaheim, CA:

  • In 2023 Los Angeles– added 2.8% new supply relative to its total supply
  • In 2024 Los Angeles- added 1.7% new supply relative to its total supply

On top of all this the Los Angeles-Long Beach-Anaheim, CA has another 6.62% forecasted supply relative to total supply in the development pipeline.

Sacramento-Roseville-Arden-Arcade, CA:

  • In 2023 Sacramento- added 3.2% new supply relative to its total supply
  • In 2024 Sacramento added 3.7% new supply relative to its total supply

Additionally Sacramento has another 8.55% forecasted supply relative to total supply in the development pipeline.

Fresno, CA:

While Fresno hasn’t added any supply in 2024 so far it added a whopping 12.7% new supply in 2023. And has another 10.91% forecasted supply relative to total supply in the development pipeline.