Everything You Need to Know About Finding Self Storage in Edina, MN
Before beginning your self storage search in Edina, there are a few things you should know. Storage unit prices and availability in Edina 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 Edina.Edina, MN Moving and Storage
If there are many people moving to or from Edina, prices could be higher than in other cities. That's because self storage if often used as part of a home move. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Edina we can get a better idea of the amount of moving activity. According to the US Census, the Edina metro area's population grew from 47,997 in 2010 to 49,596 in 2014, a growth rate of 3.33%.The Real Estate Climate and Self Storage in Edina, MN
Housing occupancy and vacancy rates in Edina can help us get a better idea of how much demand there is for living and storage space in Edina and thus the kind of storage prices and availability we should expect to find. If there's low vacancy rates in Edina housing, there's likely low vacancy at Edina storage facilities. This would allow storage facilities in Edina to charge higher prices for their units. The US Census estimates that housing vacancy rates in Edina are at 8.4%, while the occupancy rate is at 91.6%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Edina also have higher than average occupancy rates. High occupancy rates in Edina will make it more difficult to find a good deal on a storage unit.