This week, the Radius+ team took a look at the Oxnard-Thousand Oaks-Ventura, CA CBSA. 

Oxnard and the surrounding Ventura County markets have seen little to no new supply growth in recent years, creating a structurally favorable environment for operators. Climate-controlled storage remains underserved at just above 2 square feet per capita. With a median household income near $100,000 and home values above $800,000, residents often prefer higher-quality, climate-controlled units. The local economy, anchored by oil production, manufacturing, and construction, also generates steady commercial storage demand. These users tend to rent for longer periods, allowing operators to increase rental rates gradually.