Tips for Finding Self Storage in Collierville, TN
Before beginning your self storage search in Collierville, there are a few things you should know. If you're wondering how much you should expect to pay for self storage in Collierville, 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 Collierville.Collierville, TN Moving and Storage
Many people use storage as part of their move, so if there are many people moving to Collierville, you might expect storage prices to be higher and unit availability to be lower. Population changes over time are one way of gauging the amount of moving activity in Collierville. From 2010 to 2014, the Collierville metro area population grew from 45,675 to 48,655, a growth rate of 6.52% according to the US Census.The Relationship Between Real Estate and Self Storage in Collierville, TN
Housing occupancy and vacancy rates in Collierville can help us get a better idea of how much demand there is for living and storage space in Collierville and thus the kind of storage prices and availability we should expect to find. If there's low vacancy rates in Collierville housing, there's likely low vacancy at Collierville storage facilities. This would allow storage facilities in Collierville to charge higher prices for their units. Collierville is estimated to have a 96.2% housing occupancy rate, while the vacancy rate is at 3.8%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Collierville may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Collierville than in other cities.