If you're searching for self storage in Colonial Heights, there are a few things you should keep in mind. If you're wondering how much you should expect to pay for self storage in Colonial Heights, 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 Colonial Heights.
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 Colonial Heights, prices could be higher and availability lower. We can get a good idea of whether or not many people are moving to or from Colonial Heights by looking at the change in population. The US Census tells us that the metro area population of Colonial Heights grew from 17,390 in 2010 to 17,731 in 2014, which is a rate of 1.96% growth over four years.
Vacancy and occupancy rates in the Colonial Heights housing market can help us gauge the demand for living space and thus self-storage space in Colonial Heights, and may hint at storage availability and pricing. If housing occupancy rates in Colonial Heights are high, it's probably safe to assume that storage facility occupancy rates in Colonial Heights are also high, which would push unit prices up. The US Census estimates that housing vacancy rates in Colonial Heights are at 7.1%, while the occupancy rate is at 92.9%. That's a higher rate than average for US cities, suggesting storage unit occupancy in Colonial Heights may also be higher. That might make it harder to find cheap storage in Colonial Heights.
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