Just starting your Burien self storage search? There are a few things you should know. If you're wondering how much you should expect to pay for self storage in Burien, 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 Burien.
One of the primary uses of self storage is as a safe place to keep your things between moving homes. If many people are moving to or from Burien, prices could be higher and availability lower. We can get a good idea of whether or not many people are moving to or from Burien by looking at the change in population. According to the US Census, the Burien metro area's population grew from 48,190 in 2010 to 50,188 in 2014, a growth rate of 4.15%.
One way to get an idea of the demand for housing and storage space in Burien is to look at housing occupancy and vacancy rates. If there's low vacancy rates in Burien housing, there's likely low vacancy at Burien storage facilities. This would allow storage facilities in Burien to charge higher prices for their units. Burien is estimated to have a 92.5% housing occupancy rate, while the vacancy rate is at 7.5%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Burien, suggesting that storage unit inventory might also be tighter in Burien. With fewer units available, storage facilities in Burien may charge higher prices.
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