Tips for Finding Self Storage in Cornelius, NC
There are a few things you should know about Cornelius self storage before you begin your search. If you're wondering how much you should expect to pay for self storage in Cornelius, 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 Cornelius.Moving and Storage in Cornelius, NC
If there are many people moving to or from Cornelius, prices could be higher than in other cities. That's because self storage if often used as part of a home move. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Cornelius we can get a better idea of the amount of moving activity. From 2010 to 2014, the Cornelius metro area population grew from 24,998 to 27,481, a growth rate of 9.93% according to the US Census.The Real Estate Climate and Self Storage in Cornelius, NC
Vacancy and occupancy rates in the Cornelius housing market can help us gauge the demand for living space and thus self-storage space in Cornelius, and may hint at storage availability and pricing. If there's low vacancy rates in Cornelius housing, there's likely low vacancy at Cornelius storage facilities. This would allow storage facilities in Cornelius to charge higher prices for their units. Cornelius is estimated to have a 90.1% housing occupancy rate, while the vacancy rate is at 9.9%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Cornelius, suggesting that storage unit inventory might also be tighter in Cornelius. With fewer units available, storage facilities in Cornelius may charge higher prices.