Finding Self Storage in East Lansing, MI: Everything You Need To Know
If you're searching for self storage in East Lansing, there are a few things you should keep in mind. East Lansing 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 East Lansing.Self Storage and Moving in East Lansing, MI
Many people use storage as part of their move, so if there are many people moving to East Lansing, you might expect storage prices to be higher and unit availability to be lower. By looking at population changes in East Lansing, we should be able to get an idea of how many people are moving to or from the city. The East Lansing metro area grew from 48,568 persons in 2010 to 48,648 persons in 2014 according to the US Census, an increase of 0.16%.The Relationship Between Real Estate and Self Storage in East Lansing, MI
Housing occupancy and vacancy rates in East Lansing can help us get a better idea of how much demand there is for living and storage space in East Lansing and thus the kind of storage prices and availability we should expect to find. Low rates of vacancy in East Lansing housing could indicate that real estate is in short supply. Self storage units in East Lansing may then also be in short supply, which means East Lansing storage unit prices may be higher. 6.4% of housing units in East Lansing are vacant according to the US Census, while 93.6% are occupied. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in East Lansing, suggesting that storage unit inventory might also be tighter in East Lansing. With fewer units available, storage facilities in East Lansing may charge higher prices.