Just starting your Broadway self storage search? There are a few things you should know. The pricing and availability of storage units in Broadway 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 Broadway, we pulled in data from the US Census.
If there are many people moving to or from Broadway, prices could be higher than in other cities. That's because self storage if often used as part of a home move. We can get a good idea of whether or not many people are moving to or from Broadway by looking at the change in population. From 2010 to 2014, the Broadway metro area population grew from 1,229 to 1,264, a growth rate of 2.85% according to the US Census.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Broadway. If there's low vacancy rates in Broadway housing, there's likely low vacancy at Broadway storage facilities. This would allow storage facilities in Broadway to charge higher prices for their units. According to US Census estimates, 93.1% of housing units in Broadway are occupied, while the vacancy rate is at 6.9%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Broadway may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Broadway than in other cities.
(877) 449-0987(Se habla espanol)
2020 © Self Storage Finders. All Rights Reserved.