There are a few things you should know about Bedford self storage before you begin your search. Storage unit prices and availability in Bedford are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. We used US Census data on Bedford 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 Bedford, 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 Bedford we can get a better idea of the amount of moving activity. The US Census tells us that the metro area population of Bedford grew from 47,076 in 2010 to 48,908 in 2014, which is a rate of 3.89% growth over four years.
Vacancy and occupancy rates in the Bedford housing market can help us gauge the demand for living space and thus self-storage space in Bedford, and may hint at storage availability and pricing. High occupancy rates can indicate a lack of housing supply in Bedford, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Bedford area. The US Census estimates that housing vacancy rates in Bedford are at 5.8%, while the occupancy rate is at 94.2%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Bedford, suggesting that storage unit inventory might also be tighter in Bedford. With fewer units available, storage facilities in Bedford may charge higher prices.
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