Finding Self Storage in Burbank, CA: Top Tips
Just starting your Burbank self storage search? There are a few things you should know. Storage unit prices and availability in Burbank 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 Burbank to give you a better idea of these factors.Moving and Storage in Burbank, CA
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 Burbank, 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 Burbank we can get a better idea of the amount of moving activity. From 2010 to 2014, the Burbank metro area population grew from 103,404 to 105,368, a growth rate of 1.9% according to the US Census.Real Estate and Self Storage in Burbank, CA
One way to get an idea of the demand for housing and storage space in Burbank is to look at housing occupancy and vacancy rates. Low rates of vacancy in Burbank housing could indicate that real estate is in short supply. Self storage units in Burbank may then also be in short supply, which means Burbank storage unit prices may be higher. According to US Census estimates, 94.7% of housing units in Burbank are occupied, while the vacancy rate is at 5.3%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Burbank may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Burbank than in other cities.