There are a few things you should know about Austin self storage before you begin your search. Storage unit prices and availability in Austin are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. The US Census keeps accurate data relating to all of these factors, so we've used their data on Austin to help inform your Austin self storage search.
Many people use storage as part of their move, so if there are many people moving to Austin, you might expect storage prices to be higher and unit availability to be lower. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Austin we can get a better idea of the amount of moving activity. From 2010 to 2014, the Austin metro area population fell from 4,296 to 4,163, a loss of -3.1% according to the US Census.
Vacancy and occupancy rates in the Austin housing market can help us gauge the demand for living space and thus self-storage space in Austin, and may hint at storage availability and pricing. If there's low vacancy rates in Austin housing, there's likely low vacancy at Austin storage facilities. This would allow storage facilities in Austin to charge higher prices for their units. According to US Census estimates, 87.7% of housing units in Austin are occupied, while the vacancy rate is at 12.3%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Austin, suggesting that storage unit inventory might also be tighter in Austin. With fewer units available, storage facilities in Austin may charge higher prices.
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