There are a few things you should know about Dublin self storage before you begin your search. If you're wondering how much you should expect to pay for self storage in Dublin, 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 Dublin to help inform your Dublin self storage search.
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 Dublin, prices could be higher and availability lower. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Dublin we can get a better idea of the amount of moving activity. The Dublin metro area grew from 45,918 persons in 2010 to 54,695 persons in 2014 according to the US Census, an increase of 19.11%.
Vacancy and occupancy rates in the Dublin housing market can help us gauge the demand for living space and thus self-storage space in Dublin, and may hint at storage availability and pricing. High occupancy rates can indicate a lack of housing supply in Dublin, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Dublin area. According to US Census estimates, 94.5% of housing units in Dublin are occupied, while the vacancy rate is at 5.5%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Dublin, suggesting that storage unit inventory might also be tighter in Dublin. With fewer units available, storage facilities in Dublin may charge higher prices.
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