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747 3rd Ave
New York
New York NY 10017

Thursday, November 28th 2019

Demographics

1-mile 3-mile 5-mile 10 min drive CBSA
Population 2019 159,213 1,305,692 2,946,571 574,192 20,438,199
Population 2024 164,632 1,361,180 3,068,402 598,866 -
Population Density 66,274 60,682 50,052 73,612 -
Households 94,589 671,442 1,305,109 313,735 8,117,896
Renter Occupied (%) 62,913 (67%) 484,510 (72%) 974,643 (75%) 221,209 (71%) 3,681,578 (45%)
Average Household Income $162,957 $146,470 $117,641 $150,561 $110,751
Median Household Income $100,131 $87,931 $68,478 $108,184 $84,610
2019-2024 Population 0.55% 0.57% 0.62% 0.6% -
2019-2024 Households 0.5% 0.53% 0.57% 0.55% -
2019-2024 Median HH Income 2.44% 2.57% 2.54% 2.45% -
2019-2024 Per Capita Income 2.62% 2.8% 2.79% 2.71% -
Demographics supplied by ESRI

Macro Trends - New York-Newark-Jersey City, NY-NJ-PA

Employment Growth

Average Rate

Existing Supply

1-mile 3-mile 5-mile 10 min drive CBSA
Number of facilities 1 43 120 17 1,005
Net rentable ft² 121,411 3,172,972 8,851,763 1,118,345 57,840,886
Net rentable ft² / person 0.8 2.4 3.0 1.9 2.8
Net rentable ft² / house 1.3 4.7 6.8 3.6 7.1

Active Development Pipeline

1-mile 3-mile 5-mile 10 min drive CBSA
Planning/Permitted - 2 4 2 132
Under Construction - 4 10 4 65
Expansions - - - - 13
Total Projects - 6 14 6 210
Total Net Rentable sqft - 546,985 1,111,361 546,985 15,073,054

Supply Adjusted for Active Pipeline

1-mile 3-mile 5-mile 10 min drive CBSA
Number of facilities 1 49 134 23 1,215
Net rentable ft² 121,411 3,719,957 9,963,124 1,665,330 72,913,940
Net rentable ft² / person 0.8 2.8 3.4 2.9 3.6
Net rentable ft² / house 1.3 5.5 7.6 5.3 9.0

Recent Deliveries

1-mile 3-mile 5-mile 10 min drive CBSA
2019 - - 2 - 36
2018 - - 2 - 32
2017 - 2 6 1 27
2016 - - 1 - 20

Market Demand

1-mile 3-mile 5-mile 10 min drive CBSA
Demand @ 3ft² / person 477,639 3,917,076 8,839,713 1,722,576 61,314,597
Demand @ 4ft² / person 636,852 5,222,768 11,786,284 2,296,768 81,752,796
Demand @ 5ft² / person 796,065 6,528,460 14,732,855 2,870,960 102,190,995
Demand @ 6ft² / person 955,278 7,834,152 17,679,426 3,445,152 122,629,194
Demand @ 7ft² / person 1,114,491 9,139,844 20,625,997 4,019,344 143,067,393
Demand @ 8ft² / person 1,273,704 10,445,536 23,572,568 4,593,536 163,505,592
Demand @ 9ft² / person 1,432,917 11,751,228 26,519,139 5,167,728 183,943,791
Demand @ 10ft² / person 1,592,130 13,056,920 29,465,710 5,741,920 204,381,990

Supply/Demand Analysis - Existing Supply

1-mile 3-mile 5-mile 10 min drive CBSA
Under supply @ 3 356,228 744,104 -12,050 604,231 3,473,711
Under supply @ 4 515,441 2,049,796 2,934,521 1,178,423 23,911,910
Under supply @ 5 674,654 3,355,488 5,881,092 1,752,615 44,350,109
Under supply @ 6 833,867 4,661,180 8,827,663 2,326,807 64,788,308
Under supply @ 7 993,080 5,966,872 11,774,234 2,900,999 85,226,507
Under supply @ 8 1,152,293 7,272,564 14,720,805 3,475,191 105,664,706
Under supply @ 9 1,311,506 8,578,256 17,667,376 4,049,383 126,102,905
Under supply @ 10 1,470,719 9,883,948 20,613,947 4,623,575 146,541,104
Negative values indicate oversupply

Supply/Demand Analysis - Supply Adjusted for Active Pipeline

1-mile 3-mile 5-mile 10 min drive CBSA
Under supply @ 3 356,228 197,119 -1,123,411 57,246 -11,599,343
Under supply @ 4 515,441 1,502,811 1,823,160 631,438 8,838,856
Under supply @ 5 674,654 2,808,503 4,769,731 1,205,630 29,277,055
Under supply @ 6 833,867 4,114,195 7,716,302 1,779,822 49,715,254
Under supply @ 7 993,080 5,419,887 10,662,873 2,354,014 70,153,453
Under supply @ 8 1,152,293 6,725,579 13,609,444 2,928,206 90,591,652
Under supply @ 9 1,311,506 8,031,271 16,556,015 3,502,398 111,029,851
Under supply @ 10 1,470,719 9,336,963 19,502,586 4,076,590 131,468,050
Negative values indicate oversupply


Pricing Analysis

Trailing 12 Months
Low High Last Average

Facility All Units CC
5x5 5x10 10x10 10x15 10x20 5x5 5x10 10x10 10x15 10x20
#1 Manhattan Mini Storage
420 E 62nd St New York
NY 10065
0.83mi






420
430
410











420
430
410








#2 Morgan Manhattan Moving and Storage
449 W 49th St
New York
NY 10019
1.23mi

































#3 CubeSmart Self Storage
444 W 55th St New York
NY 10019
1.27mi



146
189
115
97 		267
324
219
179 		694
859
516
451 		1297
1404
1167


146
189
115
97 		267
324
219
179 		694
859
516
451 		1296
1403
1167


#4 New Self Storage Facility
41 E 21st St
New York
NY 10010
1.28mi

































#5 Gotham Mini Storage
501 10th Ave New York
NY 10018
1.36mi

































#6 Manhattan Mini Storage
543 W 43rd St New York
NY 10036
1.41mi



137
174
120
 236
284
180
220























#7 Moishe's Self Storage
8-33 40th Ave Long Island City
NY 11101
1.46mi



85
85
85
85 		139
139
139
139 		203
229
183
183 		325
344
310
310 		471
499
449
449 		85
85
85
 139
139
139
 229
229
229
 344
344
344
 499
499
499
#8 new self-storage facility
607 W 47th St
New York
NY 10036
1.49mi

































#9 West 51st Street Storage Development
622 W 51st St
New York
NY 10019
1.54mi

































#10 Manhattan Mini Storage
645 W 44th St New York
NY 10036
1.55mi






309
432
260
324











309
432
260
324








#11 Tuck-It-Away Self-Storage
517 W 29th St
New York
NY 10001
1.59mi

































#12 Citiwide Self Storage
4555 Pearson St Long Island City
NY 11101
1.64mi



82
84
79
84 		159
159
159
159 		266
271
255
271 		490
490
490
490 		598
613
577
407














#13 Manhattan Mini Storage
541 W 29th St New York
NY 10001
1.65mi



131
157
110
130 		271
304
224
220























#14 CubeSmart Self Storage
39-25 21st St Long Island City
NY 11101
1.69mi



72
78
63
90 		138
143
133
 223
232
213
227 		337
378
313
286 		530
649
452
 71
78
62
90 		138
143
133
 223
232
213
227 		337
378
313
286 		530
649
452
#15 Samson Storage
37 W 13th St
New York
NY 10011
1.74mi

































#16 Chelsea Mini Storage
224 12th Ave New York
NY 10001
1.77mi



122
140
107
 253
270
236
 451
456
447


764
783
745














#17 Manhattan Mini Storage
524 W 23rd St New York
NY 10011
1.79mi



109
155
38
113 		287
390
203
334











287
390
203
334








#18 Bedrock Mini Storage
239 11th Ave
New York
NY 10001
1.81mi

































#19 Manhattan Mini Storage
510 W 21st St New York
NY 10011
1.84mi



131
154
104
154 		229
251
210
254 		458
560
370
480




















#20 U-Haul Moving & Storage of Chelsea
536 W 23rd St
New York
NY 10011
1.85mi

































#21 Manhattan Mini Storage
531 W 21st St New York
NY 10011
1.85mi



131
154
104
154 		232
260
210
254























#22 American Self-Storage
47-30 29th St Long Island City
NY 11101
1.91mi



75
84
69
85 		116
125
114
125 		204
210
199
199 		323
328
306


74
84
69
85 		117
125
115
125 		216
222
200
199





#23 Manhattan Mini Storage
520 W 17th St New York
NY 10011
1.97mi



137
174
110
 261
288
249
 509
551
477




















#24 Tuck-It-Away Self-Storage
3719 Crescent St Astoria
NY 11102
1.98mi



56
79
39
54 		103
130
84
 217
252
187
249 		260
271
250
 342
342
342














#25 CubeSmart Self Storage
30-25 Northern Blvd Long Island City
NY 11101
1.98mi



61
83
51
83 		136
142
130
128 		266
282
246
286 		442
468
419
458 		630
663
580
665 		61
83
50
83 		136
142
130
128 		266
282
246
286 		442
468
419
458 		630
663
580
665
#26 Access Self Storage
29-00 Review Ave Long Island City
NY 11101
1.98mi



67
80
61
67 		134
148
127
127 		285
285
285
285 		381
387
369
387

















#27 Keepers Self Storage
444 E 10th St New York
NY 10009
1.98mi



149
149
149
 281
281
281
 450
461
410





149
149
149











#28 Life Storage
52-11 29th St Long Island City
NY 11101
2.01mi



66
72
61
73 		103
107
101
104 		183
189
181
196 		285
289
283
290 		574
676
463
 65
70
61
73 		103
107
101
104 		183
189
181
196 		285
289
283
290 		572
676
462
#29 New Self Storage Facility
3108 Northern Blvd
Long Island City
NY 11101
2.05mi

































#30 Clutter Self Storage
3046 Northern Blvd Long Island City
NY 11101
2.06mi



23
36
16


238
238
238
 423
467
379


23
36
17


238
238
238
 423
467
379


#31 Public Storage Addition
32-06 Northern Blvd
Long Island City
NY 11101
2.10mi

































#32 Greenpoint Storage Plus
425 Greenpoint Ave Brooklyn
NY 11222
2.10mi



113
129
99
 180
189
173
189 		385
395
375
395


623
623
623
 99
99
99
 175
175
174
 382
395
375
395


625
625
625
#33 Keep It Locked Storage
3060 Review Ave
Long Island City
NY 11101
2.10mi

































#34 Storage Post Self Storage Long Island City
30-28 Starr Ave Long Island City
NY 11101
2.11mi



58
93
43
128 		119
171
104
179 		228
337
201
327 		324
342
303
 456
621
404
605 		62
93
48
128 		119
171
104
179 		228
337
201
327 		324
342
303
 456
621
404
605
#35 Public Storage
32-04 Northern Blvd Long Island City
NY 11101
2.13mi



65
81
38
94 		96
111
79
105 		242
266
205





68
85
38
94 		101
121
82
105 		243
266
205





#36 Storage Plus
35-00 Review Ave Long Island City
NY 11101
2.18mi



66
87
55
 174
175
173
175 		347
350
338




















#37 City Closets Storage
47-32 32nd Pl
Long Island City
NY 11101
2.19mi

































#38 Public Storage
49-20 Van Dam St Long Island City
NY 11101
2.20mi



93
103
76
75 		117
159
90
107 		206
298
111
227





93
102
76
75 		118
162
90
107 		210
290
116
227





#39 Manhattan Mini Storage
28 2nd Ave New York
NY 10003
2.21mi






545
654
434
420























#40 Sofia Storage Centers
475 Amsterdam Ave
New York
NY 10024
2.21mi

































#41 92nd Street Self Storage
428 E 92nd St
New York
NY 10128
2.32mi

































#42 Extra Space Storage
36-02 Northern Blvd Long Island City
NY 11101
2.35mi



54
61
46
50 		109
116
97
92 		221
244
209
193 		355
382
320
299 		449
501
402
 58
64
51
52 		117
128
92
90 		232
258
210
188 		343
367
325
328 		467
508
448
#43 Nolita Self Storage
262 Mott St New York
NY 10012
2.36mi



168
327
72
69 		289
485
131
 811
861
726
 988
1211
574


167
327
72
69 		288
485
131
 811
863
726
 988
1211
574


#44 CubeSmart Self Storage
38-01 47th Ave Long Island City
NY 11101
2.50mi



89
89
89
83 		160
160
160
162 		289
289
289
301 		409
409
409
410 		579
579
579
 89
89
89
83 		160
160
160
162 		289
289
289
301 		409
409
409
410 		579
579
579
#45 Manhattan Mini Storage
161 Varick St New York
NY 10013
2.56mi



503
2204
134
150 		310
334
194
300























#46 Whitehall Moving & Storage Inc
333 Hudson St
New York
NY 10013
2.60mi

































#47 Public Storage
41-02 Northern Blvd Long Island City
NY 11101
2.62mi



103
123
85
 157
177
138
146 		253
292
225
270 		330
391
282
 469
553
356
 103
123
85
 156
177
139
146 		251
285
222
270 		330
391
282
 464
542
356
#48 Manhattan Mini Storage
260 Spring St New York
NY 10013
2.64mi






260
260
260











260
260
260








#49 StorageMart
6700 River Rd West New York
NJ 07093
2.88mi



76
100
49
90 		99
114
87
116 		187
234
159
195 		287
327
247
290 		355
415
306
365 		76
100
49
90 		99
114
87
116 		187
234
159
195 		286
328
247
290 		354
408
306
365
Average Monthly Rent 114 205 310 439 489 92 188 295 467 483
Average rent Per Sq. Ft. 4.55 4.1 3.1 2.93 2.44 3.67 3.77 2.95 3.11 2.41
Ann. Avg. rent Per Sq. Ft. 54.54 49.22 37.2 35.13 29.33 44.1 45.19 35.38 37.35 28.98

Pricing Trends

All Units CC
5x5 5x10 10x10 10x15 10x20 5x5 5x10 10x10 10x15 10x20
March 2018 98 202 315 480 467 89 207 309 475 445
April 2018 107 218 306 514 453 92 214 292 508 453
May 2018 111 220 326 403 456 90 217 314 379 457
June 2018 110 223 342 416 463 99 214 322 410 455
July 2018 103 215 290 383 490 94 201 254 386 492
August 2018 100 223 285 339 478 97 200 247 347 480
September 2018 98 220 312 341 474 96 200 310 336 459
October 2018 105 232 353 592 496 115 219 377 694 472
November 2018 108 214 361 560 432 108 225 383 639 364
December 2018 110 217 352 588 474 110 223 377 678 419
January 2019 99 204 336 326 467 101 203 344 335 474
February 2019 204 221 325 517 458 96 191 296 552 459
March 2019 168 212 306 438 441 97 171 222 467 424
April 2019 109 216 323 429 502 101 192 304 446 512
May 2019 111 222 303 526 528 97 202 283 551 543
June 2019 88 184 298 370 477 88 185 301 376 483
July 2019 98 205 308 342 505 80 174 282 341 475
August 2019 96 203 304 433 510 82 173 271 465 482
September 2019 89 197 266 439 483 74 177 244 468 489
October 2019 88 177 276 358 525 84 167 268 351 529
November 2019 96 187 281 444 485 84 168 270 470 516
Average Month Rent 108 211 310 443 494 92 197 297 458 469
Average Rent Per Sq. Ft. 4.3 4.21 3.1 2.95 2.47 3.67 3.94 2.97 3.05 2.35
Ann. Avg. Rent Per Sq. Ft. 51.65 50.53 37.21 35.43 29.62 44.01 47.28 35.6 36.61 28.16

Pricing Charts

Monthly Pricing - All Units

Monthly Pricing - CC

YoY Change - All Units

YoY Change - CC

Latest Pricing - All Units

Latest Pricing - CC