StorTrack, a division of 365 Media Inc. that offers competitor-pricing data, market-analysis tools and first-stage due diligence to the self-storage industry, has added several new components to its InSite Market Reports. In addition to market-saturation and competition statistics, local pricing and rates analysis, key demographics, price volatility, and historical trends, the PDF publications now include property square footage, an analysis of market inventory, and year-over-year pricing trends. Average unit rates and comparisons within selected radiuses as well as statewide price averages also have been added, according to a press release.
"We believe those looking into new markets for investments will find these new additions to be of great benefit,” said Jeff Brink, sales director. “We are constantly looking for ways to improve our products and look forward to helping our customers get a better understanding of the markets they are assessing."
InSites are designed for investors, operators and developers looking to enter new markets, the release stated.
StorTrack serves more than 2,000 self-storage facilities in North America with dynamic pricing data, local market intelligence, market-valuation insights, reports, and market-analysis tools. It tracks more than 25,000 facilities worldwide with daily pricing data, according to the release. It’s part of 365 Media, a global data company headquartered in Burlingame, Calif.