It is right on the edge of a neighborhood that is up and coming, median incomes are on the rise, and it seems that the demographics for the surrounding single family homes are beginning to change for the better.  

1) Check out a website called city-data http://www.city-data.com/ and see if it can give you some demographics.2) For target areas, start in neighborhoods nearby that you have knowledge about.

Demographic and nationality information from homebuyers comes mostly from HMDA data.

It depends on market, property class, owner demographics, etc.

Demographics of 3 mile radius - 135K people, median household income $48K, existing storage competition is 385K sqftThank you, Ron

About 50% are complete tear downs, 25% need $10k or more work (doesn't sound like much, but you can build yourself a brand spanking new cabin for around $100/sq ft), and the other 25% is over priced.We flip these cabins to include amenities which a guest may require, and we try to appeal to the most broad demographic for that market.

Criteria should include: conservative underwriting, demographic metrics, population growth, income trends, employment, property management, etc. 

- Ignore daily static like unemployment rates, RE price fluctuations- Focus on long term trends in choosing a market- Demographic Factors- Population Size- Focus on MSAs of at least 200,000 population or more- Population Growth Trend - Economic Diversity- Anchors- Relative Price /CAP RatesWe decided to choose two markets so we could hone in and try and not try to focus on to many.

I am getting positive vibes from JAX market with regards to demographics, growth prospects, affordability etc.

Commercial is purely driven by location, demand and demographics of an area.