Skip to main content
Market Research

Self-Storage Facilities &
Market Analysis

Webster-Area Corridor: 12 confirmed facilities serving ~86K residents across 7 towns. A structurally undersupplied market dominated by independent operators with zero new construction.

Facilities
12
12 confirmed, 1 borderline
Trade Area Pop.
~86K
7-town corridor
MA Occupancy
90%+
vs. 82-85% national
Local 10x10 Rent
$80-$96/month
vs. $119/month national

Webster, MA

3 facilities| Pop. 16,767| Median HHI $68,934

National chains: CubeSmart, U-Haul
1

CubeSmart Self Storage

80 Cudworth Road, Webster, MA 01570
CubeSmart
Climate Controlled Mon-Fri 9:30 AM-6 PM, Sat 8:30 AM-5 PM, Sun 11 AM-3 PM

National chain facility offering a full range of unit sizes from 5x5 lockers through 10x30 and vehicle/boat storage. Climate-controlled units maintained at 55-80°F.

2

U-Haul Moving & Storage of Route 12

74 Worcester Road, Webster, MA 01570
U-Haul
Climate Controlled Mon-Thu 7 AM-7 PM, Fri 7 AM-8 PM, Sat 7 AM-7 PM, Sun 9 AM-5 PM

Full-service U-Haul location combining self-storage units with truck/trailer rentals and U-Box portable containers. Climate-controlled storage (65-85°F).

3

Webster EZ Storage

6 Town Forest Road, Webster, MA 01570
$175-$275/month Open 24/7/365

Independent local facility offering two unit sizes: Large (8′x20′x7.5′ high, 1,200 cu ft, $175/mo) and Extra Large (8′x40′x8.5′ high, 2,720 cu ft, $275/mo). All drive-up units.

Oxford, MA

2 facilities| Pop. 13,793| Median HHI $89,500

National chains: Extra Space Storage
4

Extra Space Storage (Main Street)

90 Main Street, Oxford, MA 01540
Extra Space Storage
Climate Controlled Starting ~$43/month

Formerly Life Storage, now operating under Extra Space Storage (NYSE: EXR). Offers 5x5 through 10x30+ units including climate-controlled, drive-up, and indoor options.

5

Extra Space Storage (Southbridge Road)

103 Southbridge Road, Oxford, MA 01537
Extra Space Storage
Climate Controlled Starting ~$28/month

Large Extra Space Storage facility with units from 50 to 300+ sq ft. Climate-controlled (55-80°F). Drive-up access, indoor units, and vehicle storage including outdoor parking.

Dudley, MA

2 facilities| Pop. 11,890| Median HHI $82,100

1 confirmed, 1 borderline (Industrial Transfer & Storage may be primarily commercial)

National chains: None
6

Storage Plus Self Storage

144 Schofield Avenue, Dudley, MA 01571
24/7 access

Locally owned and operated, with a second location in Holland, MA. Multiple unit sizes suitable for small items through full household contents. All ground-floor drive-up access.

7

Industrial Transfer & Storage

7 West Dudley Road, Dudley, MA 01571
Borderline

Listed on directories under self-storage with tags for car and RV storage. Appears to be primarily a commercial transfer and storage operation rather than a traditional consumer self-storage facility.

Charlton, MA

4 facilities| Pop. 13,231| Median HHI $105,000

Most densely served town with 4 facilities along Route 20 corridor

National chains: None
8

Green & Clean Self Storage Solutions

157 Worcester Road (Route 20), Charlton, MA 01507
Climate Controlled $75-$295/month 6 AM-10 PM daily

Solar-powered storage facility on Route 20. Offers both standard drive-up and temperature-controlled units. Entire facility powered by adjacent solar farm.

9

Storage Space LLC

94 Brookfield Road, Charlton, MA 01507
Climate Controlled $68-$144/month Gate: 8 AM-8 PM daily; closed Sundays

Family-owned facility established in 1984 with hundreds of units. Temperature-controlled and climate-controlled units with drive-up access.

10

Route 20 Mini Storage

4 Griffin Road, Charlton, MA 01507
Climate Controlled $110-$160/month Mon-Fri 9 AM-5 PM; weekends by appointment

Self-storage facility on Route 20 offering climate-controlled units and drive-up access. Unit sizes from 100 to 200 sq ft.

11

Charlton Self Storage

399 Worcester Road, Charlton, MA 01507
Mon-Sat 8 AM-6 PM; closed Sundays

Facility offering mid-to-large inside storage units plus outdoor and seasonal storage for registered vehicles, trailers, campers, boats, and RVs. Located on Route 20 near Oxbow Road.

Sutton, MA

0 facilities| Pop. 9,500| Median HHI $156,215

No facilities. Residents served by Auburn, Oxford, Millbury, and Grafton.

No Storage Facilities

No facilities. Residents served by Auburn, Oxford, Millbury, and Grafton.

Douglas, MA

0 facilities| Pop. 9,100| Median HHI $147,185

No facilities. Nearest in Northbridge (5.2 mi), Webster (6.6 mi), Uxbridge (7 mi).

No Storage Facilities

No facilities. Nearest in Northbridge (5.2 mi), Webster (6.6 mi), Uxbridge (7 mi).

Thompson, CT

2 facilities| Pop. 9,500| Median HHI $78,000

National chains: None
12

Superior Storage

72 Main Street, North Grosvenordale, Thompson, CT 06255
Climate Controlled Starting ~$54/month 6 AM-10 PM daily

Fully climate-controlled facility. All units maintain regulated temperature and humidity year-round. Also offers RV, boat, and vehicle storage with wide turning radii and multiple loading dock heights.

13

American Self Storage

179 Quinebaug Road, North Grosvenordale, Thompson, CT 06255
Climate Controlled Starting ~$58/month 6 AM-8 PM daily

Family-owned facility operated 30+ years by lifetime Thompson residents. Hundreds of units from closet-sized to larger-than-garage. Heated and air-conditioned units available alongside standard units.

Market Summary

12 facilities across a corridor with clear gaps

TownFacilitiesClimate CtrlNational ChainMedian HHI
Webster, MA
3YesCubeSmart, U-Haul$68,934
Oxford, MA
2YesExtra Space Storage$89,500
Dudley, MA
2NoNone$82,100
Charlton, MA
4YesNone$105,000
Sutton, MA
0n/an/a$156,215
Douglas, MA
0n/an/a$147,185
Thompson, CT
2YesNone$78,000
Total13

Regional Market: Undersupplied & Outperforming

Massachusetts occupancy exceeds 90% while the national average sits at approximately 82–85%. REIT-managed facilities nationally maintain occupancy around 92%, but even independent Massachusetts operators benefit from fundamentally tighter conditions than Sun Belt and Midwest markets.

The Northeast is producing the strongest rent growth in the country. Boston posted +15.1% year-over-year growth in late 2025, pushing average monthly rates to $222. The Webster-area corridor prices well below that level. A standard 10x10 averages roughly $80–$96/month locally versus $119 nationally, suggesting substantial room for rate increases as demand continues to outpace supply.

90%+
MA Occupancy
$80–96
Local 10x10/mo
$222
Boston Metro Avg
0
New Construction

Demand Drivers

Income Stratification

The corridor spans moderate-income communities (Webster at $68,934 median HHI) to affluent suburbs (Sutton at $156,215, Douglas at $147,185). This diversity supports both value-oriented storage and premium climate-controlled offerings.

Aging Demographics

Median ages range from 40 to 53, well above the national median of 38.8. Life events most correlated with storage demand (downsizing, estate disposition, caring for aging parents) are concentrated among older populations.

Worcester Metro Spillover

Worcester (pop. ~206K), named a Top 10 Housing Market by Realtor.com with prices 41.8% below Boston, absorbs price-conscious residents. Surrounding bedroom communities experience downstream growth via I-395.

Older Housing Stock

Much of the area's housing predates modern storage design. Thompson's median construction year is 1967. Smaller closets and limited garage space push residents toward external storage solutions.

Investment Thesis

Self-storage carries the lowest expense ratio in commercial real estate at ~35% of gross revenue (vs. 50%+ for multifamily), and the lowest CapEx burden at ~8% of NOI. Month-to-month leases enable rapid rate adjustments, while tenants average 19-month stays and readily absorb small dollar increases.

The most compelling acquisition targets in this corridor combine below-market rents with strong fundamentals. Independent facilities lacking online presence, management software, dynamic pricing, or tenant insurance programs represent the clearest value-add opportunities. Markets with per-capita supply below 7 sq ft, growing populations, and limited construction pipeline provide secular tailwind.

~35%
Expense Ratio
~8%
CapEx / NOI
19 mo
Avg Tenant Stay
6.5–8.5%
Est. Cap Rate Range
~65%
Independent Operators
3.7 sf/cap
Springfield Per Capita

Notable Market Gaps

Sutton & Douglas: Combined population of ~19,000 with median household incomes exceeding $147,000, yet zero storage facilities. These affluent towns represent a conspicuous gap that existing facilities in neighboring towns are absorbing.

No new construction: Zero new self-storage development was identified in any of the seven study-area towns during 2024–2025. New supply is concentrated in the greater Worcester area, not this corridor.

Limited institutional presence: Only Extra Space Storage (Oxford), CubeSmart (Webster), and U-Haul (Webster) have physical presence. Public Storage, National Storage Affiliates, SmartStop, and CubeSmart's broader portfolio are all absent.