If you're searching for self storage in Albany, there are a few things you should keep in mind. The pricing and availability of storage units in Albany 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 Albany 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 Albany, 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 Albany. The US Census tells us that the metro area population of Albany declined from 77,446 in 2010 to 75,769 in 2014, a loss of -2.17%.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Albany. Low rates of vacancy in Albany housing could indicate that real estate is in short supply. Self storage units in Albany may then also be in short supply, which means Albany storage unit prices may be higher. According to US Census estimates, 89.1% of housing units in Albany are occupied, while the vacancy rate is at 10.9%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Albany may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Albany than in other cities.
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