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Market of the Month: Grapevine, TX

StorTrack’s Market of the Month for October is Grapevine, TX. This charming city thrives on travel and tourism and the historic downtown is a place that pulls travelers to take a lovely walk through the past. Here are some interesting self-storage related facts about Grapevine located in the state of Texas.

Current Supply to Market

There is 7.44 square feet/capita supply in this market. The US national average is 7.98

sq ft/capita, and the Texas state average is 10.53 sq ft/capita. Across all unit types, there is currently 25% of unit inventory offline (not available).

Rate Trends in Market

The rates in this market have trended down in the last 3 months, by -5.52%. This would indicate a decreased demand against available supply. The current US national rate trend for the past 3 months is up, by 7.03%. The Texas state is showing a downward rate trend for the last 3 months of -7.87%.

Use of Promotions

StorTrack converts promotional activity into a measurable score. An increase in promotional activity means the aggregate value of promotions is growing as stores offer better promotional deals to attract customers, whilst a decrease in promotional activity means less deals are being offered. In this market, over the past 3 months, promotional activity has decreased by 3.94%.

Is this a good market for you to invest in? To understand Grapevine’s potential as a self-storage market, download a free report that gives you useful market statistics and metrics.

View the Market Report for Grapevine, TX

To purchase a full market report on this or any other market, go to  Explorer is StorTrack’s market analysis platform for self-storage operators, investors and developers. Explorer is available for the evaluation of any primary, secondary and tertiary market in the US, Canada and the UK. Sign up free and start evaluating self-storage markets. | 1-800-969-7424 |