Before beginning your self storage search in Commerce, there are a few things you should know. If you're wondering how much you should expect to pay for self storage in Commerce, 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. The US Census keeps accurate data relating to all of these factors, so we've used their data on Commerce to help inform your Commerce self storage search.
Self storage is commonly used as a secure place to store one's belongings when moving into a new home. If there's a high amount of moving activity in Commerce, that could affect storage unit pricing and availability. We can get a good idea of whether or not many people are moving to or from Commerce by looking at the change in population. From 2010 to 2014, the Commerce metro area population grew from 12,835 to 13,076, a growth rate of 1.88% according to the US Census.
Housing occupancy and vacancy rates in Commerce can help us get a better idea of how much demand there is for living and storage space in Commerce and thus the kind of storage prices and availability we should expect to find. High occupancy rates can indicate a lack of housing supply in Commerce, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Commerce area. According to US Census estimates, 97.5% of housing units in Commerce are occupied, while the vacancy rate is at 2.5%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Commerce also have higher than average occupancy rates. High occupancy rates in Commerce will make it more difficult to find a good deal on a storage unit.
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