Just starting your Columbus self storage search? There are a few things you should know. If you're wondering how much you should expect to pay for self storage in Columbus, 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. In order to give you a better idea of these factors in Columbus, we pulled in data from the US Census.
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 Columbus, prices could be higher and availability lower. We can get a good idea of whether or not many people are moving to or from Columbus by looking at the change in population. The US Census tells us that the metro area population of Columbus grew from 44,117 in 2010 to 46,124 in 2014, which is a rate of 4.55% growth over four years.
One way to get an idea of the demand for housing and storage space in Columbus is to look at housing occupancy and vacancy rates. High occupancy rates can indicate a lack of housing supply in Columbus, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Columbus area. According to US Census estimates, 90.3% of housing units in Columbus are occupied, while the vacancy rate is at 9.7%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Columbus may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Columbus than in other cities.
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