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The Top 20 Cities for Self-Storage Auctions

Posted January 26th, 2015 in Self-Storage Auctions and tagged , , by Valerie

A survey by SpareFoot Blog has identified the top 20 cities for live self-storage auctions. The study compiles data from both the U.S. Census Bureau and the Storage Unit Auction List. Topping the list is Marietta, Ga., a city about 20 miles outside of Atlanta. Contenders for the list must have a population of at least 50,000 and a high number of self-storage auctions per capita.

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Photo credit: Scott Meyers Self Storage Investing / Foter / CC BY

 

A high-density population and large number of storage businesses in Marietta, Ga. lead to an increased demand for available units. All in all, Marietta had 346 self-storage auctions in 2013 – equating to 0.00593 per resident. A new Georgia law that allows storage operators to send auction notifications via email has also increased awareness and demand for available containers. According to Anne Ballard, president of the Georgia Self Storage Association, “the new process has cut operating costs and made it much easier to have lien sales. And when it’s not so cumbersome, you can have more of them in a shorter period of time.”

 

The state of Florida also boasts a high number of self-storage auctions – dominating the list with 12 cities represented. In Florida, the lien process can begin just 30 days after rent is past due – expediting the auction process tremendously. Many other states will give tenants 60 days notice. The hot and humid climate may also play a major factor in Florida’s high number of self-storage auctions. Basement and attic storage are out of the question because of high sea levels and humidity – again resulting in an increase in demand.

 

The top 20 cities, ranked, are:

  1. Marietta, Ga.
  2. Pensacola, Fla.
  3. Ocala, Fla.
  4. Sarasota, Fla.
  5. Fort Myers, Fla.
  6. Bradenton, Fla.
  7. Orlando, Fla.
  8. Spring, Texas
  9. West Palm Beach, Fla.
  10. Columbia, S.C.
  11. Smyrna, Ga.
  12. Pompano Beach, Fla.
  13. Las Vegas
  14. Daytona Beach, Fla.
  15. Lakeland, Fla.
  16. Miami
  17. Frederick, Md.
  18. Kissimmee, Fla.
  19. Greenville, S.C.
  20. Gardena, Calif.


Read more on the SpareFoot Blog.