1 mile = 10,000+ population
3 mile = 30,000+ population
5 mile = 90,000+ population
These are the ideal demographics to own or develop storage. In the 5 mile radius there should not be more than 7 sq. ft. of existing storage per person or there is an over supply.
We like finding facilities where there is a great than 8%+ gap between physical and economic occupancy (3-5% is typical for our mgmt) There is a problem we can fix fairly fast with a good property mgmt team and systems in place.