There are a few things you should know about Addison self storage before you begin your search. The pricing and availability of storage units in Addison will depend on several factors such as the real estate climate, the number of people moving into or throughout the area, housing conditions in the city, and the general wealth and prosperity of the area. We used US Census data on Addison to give you a better idea of these factors.
Many people use storage as part of their move, so if there are many people moving to Addison, you might expect storage prices to be higher and unit availability to be lower. Population changes over time are one way of gauging the amount of moving activity in Addison. According to the US Census, the Addison metro area's population grew from 13,084 in 2010 to 15,457 in 2014, a growth rate of 18.14%.
One way to get an idea of the demand for housing and storage space in Addison is to look at housing occupancy and vacancy rates. Low rates of vacancy in Addison housing could indicate that real estate is in short supply. Self storage units in Addison may then also be in short supply, which means Addison storage unit prices may be higher. The US Census estimates that housing vacancy rates in Addison are at 12.4%, while the occupancy rate is at 87.6%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Addison also have higher than average occupancy rates. High occupancy rates in Addison will make it more difficult to find a good deal on a storage unit.
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