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Finding Self Storage in Florence, SC: Top Tips

Just starting your Florence self storage search? There are a few things you should know. Florence 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. In order to give you a better idea of these factors in Florence, we pulled in data from the US Census.

Moving and Storage in Florence, SC

Many people use storage as part of their move, so if there are many people moving to Florence, you might expect storage prices to be higher and unit availability to be lower. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Florence we can get a better idea of the amount of moving activity. According to the US Census, the Florence metro area's population grew from 37,086 in 2010 to 37,961 in 2014, a growth rate of 2.36%.

The Real Estate Climate and Self Storage in Florence, SC

Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Florence. Low rates of vacancy in Florence housing could indicate that real estate is in short supply. Self storage units in Florence may then also be in short supply, which means Florence storage unit prices may be higher. Florence is estimated to have a 89.9% housing occupancy rate, while the vacancy rate is at 10.1%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Florence also have higher than average occupancy rates. High occupancy rates in Florence will make it more difficult to find a good deal on a storage unit.