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Detroit, Michigan MSA Self Storage Offering

POPULATION
In 2023, the population in your selected geography is 215,668. The population has changed by 2.29 since 2010. It is estimated that the population in your area will be 216,246 five years from now, which represents a change of 0.3 percent from the current year. The current population is 48.5 percent male and 51.5 percent female. The median age of the population in your area is 38.5, compared with the U.S. average, which is 38.7. The population density in your area is 2,740 people per square mile.

HOUSEHOLDS
There are currently 86,647 households in your selected geography. The number of households has changed by 3.99 since 2010. It is estimated that the number of households in your area will be 87,155 five years from now, which represents a change of 0.6 percent from the current year. The average household size in your area is 2.5 people.

INCOME
In 2023, the median household income for your selected geography is $58,261, compared with the U.S. average, which is currently $68,480. The median household income for your area has changed by 32.97 since 2010. It is estimated that the median household income in your area will be $72,783 five years from now, which represents a change of 24.9 percent from the current year.

The current year per capita income in your area is $29,282, compared with the U.S. average, which is $39,249. The current year’s average household income in your area is $72,616, compared with the U.S. average, which is $100,106.

EMPLOYMENT
In 2023, 93,285 people in your selected area were employed. The 2010 Census revealed that 53.9 percent of employees are in white-collar occupations in this geography, and 25.8 percent are in blue-collar occupations. In 2023, unemployment in this area was 4.0 percent. In 2010, the average time traveled to work was 26.00 minutes.

HOUSING
The median housing value in your area was $140,990 in 2023, compared with the U.S. median of $268,796. In 2010, there were 57,998.00 owner-occupied housing units and 25,330.00 renter-occupied housing units in your area.

EDUCATION
The selected area in 2023 had a lower level of educational attainment when compared with the U.S averages. Only 6.1 percent of the selected area’s residents had earned a graduate degree compared with the national average of 12.7 percent, and 11.8 percent completed a bachelor’s degree, compared with the national average of 20.2 percent.

The number of area residents with an associate degree was higher than the nation’s at 8.8 percent vs. 8.5 percent, respectively.

The area had more high-school graduates, 36.1 percent vs. 26.9 percent for the nation. The percentage of residents who completed some college is also higher than the average for the nation, at 25.2 percent in the selected area compared with the 20.1 percent in the U.S.

• Detroit, Michigan MSA Self Storage Offering
• 115,707 Net Rentable Square Feet
• 30 CC Units, 774 NCC Units, and 229 Parking Spaces
• 24-Hour Self Service Kiosk Available On-Site
• Undersaturated Market: 5.78 NRSF/Capita Within Five Miles | 6.37 NRSF/Capita Within Three Miles
• Large Demand in the Area for Larger Commercial Units & Larger Parking Spaces – Seller Recently Bought Additional Land to Make More Space for Larger Units & Parking
• Excellent Location & Street Frontage
• High Daily Traffic Counts: 31,500 Cars/Day off South Merriman Road
• Extremely Dense Surrounding Population: 215,668 People Living Within a Five Mile Radius

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