There are a few things you should know about Dallas self storage before you begin your search. Storage unit prices and availability in Dallas 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 Dallas.
If there are many people moving to or from Dallas, prices could be higher than in other cities. That's because self storage if often used as part of a home move. By looking at population changes in Dallas, we should be able to get an idea of how many people are moving to or from the city. According to the US Census, the Dallas metro area's population grew from 11,623 in 2010 to 12,629 in 2014, a growth rate of 8.66%.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Dallas. If there's low vacancy rates in Dallas housing, there's likely low vacancy at Dallas storage facilities. This would allow storage facilities in Dallas to charge higher prices for their units. Dallas is estimated to have a 89.7% housing occupancy rate, while the vacancy rate is at 10.3%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Dallas also have higher than average occupancy rates. High occupancy rates in Dallas will make it more difficult to find a good deal on a storage unit.
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