How closely do you follow new construction in the Raleigh - Durham MSA?
There are currently 312 existing, planned, and under construction self storage facilities in the Raleigh - Durham MSA, totaling 16,963,740 square feet.
The Raleigh Durham area is home to over 1.2 million people. Raleigh’s population is growing at a steady rate of 3.4% per year. Last year the area had a job growth rate of 2.3% with the median income in the area being $71,685.
If you are self storage owner or looking to get into the business within the Raleigh it’s important to understand where new facilities are being built and planned for in order to come up with the best strategy for your business.