Introducing the Explorer Market Report Library: Your Go-To Source for In-Depth Self-Storage Data

Southfield, USA – 08/12/24 – StorTrack has launched the Market Report Library for our Explorer platform, a valuable resource designed to provide self-storage investors and developers with essential market insights. As we continue to expand the tools available within Explorer, our first offering in this library is the Trailing 12-Month (T12) Data Report, a powerful tool for anyone looking to get detailed and accurate market analysis information.

What is the Trailing 12-Month Data Report?

The T12 rate data report provides the 12 month average rate for all unit types in a specific market. This report breaks down the data into three key categories: current prices, walk-in prices, and online prices. By offering a detailed view of these rates over the past year, investors and developers can identify trends, gauge market stability, and make predictions about future performance.

Why is This Report Crucial for Market Analysis?

In the competitive self-storage industry, having access to accurate and detailed historical data is essential for making smart investment decisions. The T12 report allows you to:

  1. Identify Trends: By examining how prices have changed over the past year, you can spot emerging trends in the market that may indicate growing demand, increased competition, or shifting consumer preferences.
  2. Assess Market Stability: Understanding how rates have fluctuated—or remained stable—over time can help you evaluate the long-term viability of a market and make more confident investment decisions.
  3. Benchmark Performance: Comparing the historical performance of different unit types and pricing strategies can provide valuable insights into which approaches are most successful in a given market.
  4. Support Due Diligence: When evaluating a potential investment, historical data is crucial for performing thorough due diligence. The T12 report provides a solid foundation for assessing the risks and opportunities associated with a particular market.

Why Investors and Developers Need This Data

For self-storage investors and developers, access to detailed, reliable data is key to success. The T12 rate data report equips you with the knowledge you need to:

  • Make informed decisions about where and when to invest.
  • Develop competitive pricing strategies based on actual market performance.
  • Minimize risks by understanding the market dynamics before committing to an investment.

The Market Report Library is just the beginning of our ongoing commitment to providing the tools and data you need to succeed in the self-storage industry. As we continue to expand our offerings, you’ll find even more resources to support your market analysis and investment decisions.

Get Started Today

Ready to take your market analysis to the next level? Explore the Market Report Library in Explorer and gain access to the T12 rate data report today. With the right data at your fingertips, you’re better equipped to navigate the complex self-storage market and make decisions that drive success.

Explorer is available for the evaluation of markets in the US, Canada, Europe and UK.

Sign up for free to start evaluating self-storage markets.