Bremerton, Wash., had early economic activities centered around the timber and lumber industry. William Bremer, a forward-looking German immigrant, realized the economic potential of a town located close to the Naval station and platted the town of Bremerton on Dec. 10, 1891. Through Bremer's promotional efforts, businesses and families were encouraged to move to Bremerton and provide the goods, services and manpower required to operate a Naval shipyard.
While nationally the U.S. Navy has seen a general downsizing, its population in Kitsap County stayed steady in the last decade and, in many areas, experienced growth. Because of the strong military presence, Kitsap's economy fares well during downturns. Kitsap is also home to a number of cutting-edge companies such as Art Anderson Associates, Concurrent Technologies Corp., Dimension4 and Extrude Hone that contribute significantly to its economy. In addition, Seattle and its employment opportunities are just a short ferry ride from Bainbridge Island, Bremerton, Kingston and Port Orchard.
The accompanying charts demonstrate demographic, supply and operating statistics as of December 2009.
Pasadena, Calif.-based Self Storage Data Services Inc. publishes the ISS Flash Report, the Self-Storage Performance Index and other statistical data on self-storage operation. The company also reports on supply-and-demand factors affecting the industry. For more information, call 626.304.2920; visit www.ssdata.net.
Related Articles:
Self-Storage Performance Trends Nationwide: Occupancy, Concessions and Development
National Snapshot 2010: The Self-Storage Real Estate Market Self-Storage Real Estate Challenges: Pricing, Debt and the Market
