If you're searching for self storage in Cleveland, there are a few things you should keep in mind. Cleveland storage unit prices and availability are closely related to things like real estate prices, the type of housing available in the area, the city's wealth, and whether or not many people are moving to the area. The US Census keeps accurate data relating to all of these factors, so we've used their data on Cleveland to help inform your Cleveland self storage search.
If there are many people moving to or from Cleveland, prices could be higher than in other cities. That's because self storage if often used as part of a home move. By looking at population changes in Cleveland, we should be able to get an idea of how many people are moving to or from the city. The US Census tells us that the metro area population of Cleveland grew from 3,503 in 2010 to 3,727 in 2014, which is a rate of 6.39% growth over four years.
One way to get an idea of the demand for housing and storage space in Cleveland is to look at housing occupancy and vacancy rates. High occupancy rates can indicate a lack of housing supply in Cleveland, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Cleveland area. According to US Census estimates, 79.8% of housing units in Cleveland are occupied, while the vacancy rate is at 20.2%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Cleveland, suggesting that storage unit inventory might also be tighter in Cleveland. With fewer units available, storage facilities in Cleveland may charge higher prices.
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