Self Storage · Providence, RI

Self Storage Market in
Providence, RI

$164M TAM · Market Score 68/100 · Ranked #37 of 925 MSAs by TAM

Bottom-up market data for the Providence, RI MSA. Sourced from PinpointIQ's MSA-level intelligence platform.

Total TAM
$164M
rank #37 of 925
Market Score
68/100
rank #204 of 925 · 78th percentile
Operators
79
248 employees
Pop. growth (5-yr)
4.4%
rank #301 of 872

Market Score breakdown

How Providence scored 68/100 for Self Storage

PinpointIQ's Market Score is a percentile-weighted composite. The components + weights are set per vertical. Providence ranks in the 78th percentile nationally for Self Storage.

ComponentWeightValuePercentile
Total Households40%675,39596
Fragmentation Score35%63.615
Renter Households25%248,74496

TAM by segment

$164M in Providence broken down by segment

Storage_self Storage Household
$158M
96% of total TAM
Storage_self Storage Commercial
$6M
4% of total TAM

Demographic snapshot

Who lives and buys in Providence

Population
1,684,071
4.4% 5-yr growth
Median HH income
$87,040
25.0% HHs $150K+
Housing units
730,957
18.4% age 65+
GDP per capita
$69,131

Frequently asked questions

Self Storage market in Providence: common questions

How big is the self storage market in Providence, RI?

The self storage market in Providence, RI has a total addressable market of $164M, calculated bottom-up from U.S. Census, BLS, and IRS County Business Patterns data at the census-tract level. This makes Providence the #37 largest self storage market of 925 U.S. MSAs.

How many self storage companies are in Providence?

PinpointIQ tracks 79 self storage establishments in the Providence MSA, employing approximately 248 people. Establishment counts are sourced from IRS County Business Patterns and refreshed monthly.

How does Providence rank nationally for self storage?

Providence scores 68/100 on PinpointIQ's Self Storage Market Score, ranking #204 of 925 U.S. metros — the 78th percentile nationally. The Market Score is a percentile-weighted composite of the vertical-specific drivers that make a metro attractive for self storage operators and investors.

What drives self storage demand in Providence?

PinpointIQ scores Providence's self storage market on 3 components: Total Households (40% weight, 96th percentile); Fragmentation Score (35% weight, 15th percentile); Renter Households (25% weight, 96th percentile). The weights are calibrated to the self storage vertical and applied consistently across every U.S. MSA.

What are the biggest self storage sub-segments in Providence?

Providence's $164M self storage TAM breaks down into: Storage_self Storage Household ($158M, 96% of TAM); Storage_self Storage Commercial ($6M, 4% of TAM). Segment sizes reflect PinpointIQ's bottom-up model at the census-tract level.

Is Providence growing? How does population affect the self storage market?

Providence has a population of 1,684,071 and has grown 4.4% over the last 5 years. Population change is one of the drivers of self storage demand and factors into PinpointIQ's Market Score alongside vertical-specific attractiveness metrics.

TAM figures reflect PinpointIQ's bottom-up market size model built from U.S. Census, BLS, IRS County Business Patterns, and other public + commercial sources at the census-tract level. Market Score is PinpointIQ's percentile-weighted composite; the components and weights are set per vertical and shown above. Data refreshed monthly.

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