Everything You Need to Know About Finding Self Storage in Centennial, CO
Before beginning your self storage search in Centennial, there are a few things you should know. If you're wondering how much you should expect to pay for self storage in Centennial, 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 Centennial.Moving and Storage in Centennial, CO
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 Centennial, that could affect storage unit pricing and availability. By looking at population changes in Centennial, we should be able to get an idea of how many people are moving to or from the city. According to the US Census, the Centennial metro area's population grew from 100,871 in 2010 to 107,201 in 2014, a growth rate of 6.28%.Self Storage and Real Estate in Centennial, CO
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Centennial. If there's low vacancy rates in Centennial housing, there's likely low vacancy at Centennial storage facilities. This would allow storage facilities in Centennial to charge higher prices for their units. According to US Census estimates, 96.6% of housing units in Centennial are occupied, while the vacancy rate is at 3.4%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Centennial may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Centennial than in other cities.