Everything You Need to Know About Finding Self Storage in Boca Raton, FL
There are a few things you should know about Boca Raton self storage before you begin your search. The pricing and availability of storage units in Boca Raton 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. In order to give you a better idea of these factors in Boca Raton, we pulled in data from the US Census.Moving and Storage in Boca Raton, FL
If there are many people moving to or from Boca Raton, prices could be higher than in other cities. That's because self storage if often used as part of a home move. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Boca Raton we can get a better idea of the amount of moving activity. According to the US Census, the Boca Raton metro area's population grew from 85,202 in 2010 to 91,332 in 2014, a growth rate of 7.19%.The Relationship Between Real Estate and Self Storage in Boca Raton, FL
One way to get an idea of the demand for housing and storage space in Boca Raton is to look at housing occupancy and vacancy rates. High occupancy rates can indicate a lack of housing supply in Boca Raton, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Boca Raton area. 17.4% of housing units in Boca Raton are vacant according to the US Census, while 82.6% are occupied. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Boca Raton also have higher than average occupancy rates. High occupancy rates in Boca Raton will make it more difficult to find a good deal on a storage unit.