Tips for Finding Self Storage in Concord, NC
Just starting your Concord self storage search? There are a few things you should know. Storage unit prices and availability in Concord are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Concord.Concord, NC Self Storage and Moving
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 Concord, prices could be higher and availability lower. Population changes over time are one way of gauging the amount of moving activity in Concord. According to the US Census, the Concord metro area's population grew from 79,426 in 2010 to 85,560 in 2014, a growth rate of 7.72%.The Real Estate Climate and Self Storage in Concord, NC
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Concord. Low rates of vacancy in Concord housing could indicate that real estate is in short supply. Self storage units in Concord may then also be in short supply, which means Concord storage unit prices may be higher. The US Census estimates that housing vacancy rates in Concord are at 9.3%, while the occupancy rate is at 90.7%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Concord, suggesting that storage unit inventory might also be tighter in Concord. With fewer units available, storage facilities in Concord may charge higher prices.