Gaining from great locations
Having the top storage demographics in our industry gives us a tremendous advantage. The population density of the communities we serve is higher than any of our peers. On average, more than 114,000 people live within a three-mile radius of each of our properties. The median income of those households is over $66,000, on par with, or exceeding the same metric for our peers.
For Extra Space Storage, great demographics support higher occupancy and higher rents. In fact, last year we once again achieved the highest rent per square foot of our peers, netting $13.99 per occupied square foot at our same-store properties.
To be sure, self storage is a competitive business. But with great locations, markets and demographics, Extra Space Storage is positioned to earn more than its share of self-storage demand.
