Finding Self Storage in Elizabeth, NJ: Everything You Need To Know
Just starting your Elizabeth self storage search? There are a few things you should know. If you're wondering how much you should expect to pay for self storage in Elizabeth, 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. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Elizabeth.Self Storage and Moving in Elizabeth, NJ
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 Elizabeth, 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 Elizabeth we can get a better idea of the amount of moving activity. From 2010 to 2014, the Elizabeth metro area population grew from 125,274 to 128,705, a growth rate of 2.74% according to the US Census.Self Storage and Real Estate in Elizabeth, NJ
One way to get an idea of the demand for housing and storage space in Elizabeth is to look at housing occupancy and vacancy rates. If there's low vacancy rates in Elizabeth housing, there's likely low vacancy at Elizabeth storage facilities. This would allow storage facilities in Elizabeth to charge higher prices for their units. 8.6% of housing units in Elizabeth are vacant according to the US Census, while 91.4% are occupied. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Elizabeth may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Elizabeth than in other cities.