Before beginning your self storage search in Brockton, there are a few things you should know. If you're wondering how much you should expect to pay for self storage in Brockton, consider the fact that storage prices are closely related to factors like the real estate climate, the economic prospects of the city, and population growth. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Brockton.
Self storage is commonly used as a secure place to store one's belongings when moving into a new home. If there's a high amount of moving activity in Brockton, that could affect storage unit pricing and availability. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Brockton we can get a better idea of the amount of moving activity. The Brockton metro area grew from 93,838 persons in 2010 to 94,779 persons in 2014 according to the US Census, an increase of 1%.
Vacancy and occupancy rates in the Brockton housing market can help us gauge the demand for living space and thus self-storage space in Brockton, and may hint at storage availability and pricing. If housing occupancy rates in Brockton are high, it's probably safe to assume that storage facility occupancy rates in Brockton are also high, which would push unit prices up. Brockton is estimated to have a 93.7% housing occupancy rate, while the vacancy rate is at 6.3%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Brockton, suggesting that storage unit inventory might also be tighter in Brockton. With fewer units available, storage facilities in Brockton may charge higher prices.
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