Tips for Finding Self Storage in Beverly, MA
Before beginning your self storage search in Beverly, there are a few things you should know. Storage unit prices and availability in Beverly are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Beverly.Moving and Storage in Beverly, MA
If there are many people moving to or from Beverly, prices could be higher than in other cities. That's because self storage if often used as part of a home move. By looking at population changes in Beverly, we should be able to get an idea of how many people are moving to or from the city. According to the US Census, the Beverly metro area's population grew from 39,718 in 2010 to 40,952 in 2014, a growth rate of 3.11%.Self Storage and Real Estate in Beverly, MA
One way to get an idea of the demand for housing and storage space in Beverly is to look at housing occupancy and vacancy rates. Low rates of vacancy in Beverly housing could indicate that real estate is in short supply. Self storage units in Beverly may then also be in short supply, which means Beverly storage unit prices may be higher. The US Census estimates that housing vacancy rates in Beverly are at 4.8%, while the occupancy rate is at 95.2%. That's a higher rate than average for US cities, suggesting storage unit occupancy in Beverly may also be higher. That might make it harder to find cheap storage in Beverly.