Tips for Finding Self Storage in East Hampton, NY
Just starting your East Hampton self storage search? There are a few things you should know. The pricing and availability of storage units in East Hampton will depend on several factors such as the real estate climate, the number of people moving into or throughout the area, housing conditions in the city, and the general wealth and prosperity of the area. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in East Hampton.Moving and Storage in East Hampton, NY
Self storage is commonly used as a secure place to store one's belongings when moving into a new home. If there's a high amount of moving activity in East Hampton, that could affect storage unit pricing and availability. Population changes over time are one way of gauging the amount of moving activity in East Hampton. From 2010 to 2014, the East Hampton metro area population grew from 1,084 to 1,113, a growth rate of 2.68% according to the US Census.The Relationship Between Real Estate and Self Storage in East Hampton, NY
One way to get an idea of the demand for housing and storage space in East Hampton is to look at housing occupancy and vacancy rates. Low rates of vacancy in East Hampton housing could indicate that real estate is in short supply. Self storage units in East Hampton may then also be in short supply, which means East Hampton storage unit prices may be higher. 71% of housing units in East Hampton are vacant according to the US Census, while 29% are occupied. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in East Hampton, suggesting that storage unit inventory might also be tighter in East Hampton. With fewer units available, storage facilities in East Hampton may charge higher prices.