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Finding Self Storage in Gloucester, MA: Everything You Need To Know

Before beginning your self storage search in Gloucester, there are a few things you should know. Storage unit prices and availability in Gloucester are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. The US Census keeps accurate data relating to all of these factors, so we've used their data on Gloucester to help inform your Gloucester self storage search.

Self Storage and Moving in Gloucester, MA

Many people use storage as part of their move, so if there are many people moving to Gloucester, you might expect storage prices to be higher and unit availability to be lower. Population changes over time are one way of gauging the amount of moving activity in Gloucester. The US Census tells us that the metro area population of Gloucester grew from 28,859 in 2010 to 29,626 in 2014, which is a rate of 2.66% growth over four years.

The Real Estate Climate and Self Storage in Gloucester, MA

Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Gloucester. If housing occupancy rates in Gloucester are high, it's probably safe to assume that storage facility occupancy rates in Gloucester are also high, which would push unit prices up. The US Census estimates that housing vacancy rates in Gloucester are at 14.2%, while the occupancy rate is at 85.8%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Gloucester also have higher than average occupancy rates. High occupancy rates in Gloucester will make it more difficult to find a good deal on a storage unit.