Finding Self Storage in Englewood, CO: Everything You Need To Know
There are a few things you should know about Englewood self storage before you begin your search. The pricing and availability of storage units in Englewood 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 Englewood.Englewood, CO Self Storage and Moving
If there are many people moving to or from Englewood, prices could be higher than in other cities. That's because self storage if often used as part of a home move. By looking at population changes in Englewood, we should be able to get an idea of how many people are moving to or from the city. From 2010 to 2014, the Englewood metro area population grew from 30,347 to 32,480, a growth rate of 7.03% according to the US Census.The Relationship Between Real Estate and Self Storage in Englewood, CO
Vacancy and occupancy rates in the Englewood housing market can help us gauge the demand for living space and thus self-storage space in Englewood, and may hint at storage availability and pricing. High occupancy rates can indicate a lack of housing supply in Englewood, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Englewood area. The US Census estimates that housing vacancy rates in Englewood are at 7.1%, while the occupancy rate is at 92.9%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Englewood also have higher than average occupancy rates. High occupancy rates in Englewood will make it more difficult to find a good deal on a storage unit.