If you're searching for self storage in Charleston, there are a few things you should keep in mind. The pricing and availability of storage units in Charleston 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. We used US Census data on Charleston to give you a better idea of these factors.
Many people use storage as part of their move, so if there are many people moving to Charleston, you might expect storage prices to be higher and unit availability to be lower. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Charleston we can get a better idea of the amount of moving activity. The Charleston metro area saw its population decline from 21,868 persons in 2010 to 21,838 persons in 2014 according to the US Census, a decrease of -0.14%.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Charleston. High occupancy rates can indicate a lack of housing supply in Charleston, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Charleston area. The US Census estimates that housing vacancy rates in Charleston are at 8.3%, while the occupancy rate is at 91.7%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Charleston also have higher than average occupancy rates. High occupancy rates in Charleston will make it more difficult to find a good deal on a storage unit.
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