Just starting your Dallas self storage search? There are a few things you should know. Dallas storage unit prices and availability are closely related to things like real estate prices, the type of housing available in the area, the city's wealth, and whether or not many people are moving to the area. 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. We can get a good idea of whether or not many people are moving to or from Dallas by looking at the change in population. According to the US Census, the Dallas metro area's population grew from 14,625 in 2010 to 15,102 in 2014, a growth rate of 3.26%.
One way to get an idea of the demand for housing and storage space in Dallas is to look at housing occupancy and vacancy rates. High occupancy rates can indicate a lack of housing supply in Dallas, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Dallas area. Dallas is estimated to have a 93.6% housing occupancy rate, while the vacancy rate is at 6.4%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Dallas may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Dallas than in other cities.
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