There are a few things you should know about Grayslake self storage before you begin your search. Storage unit prices and availability in Grayslake are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. We used US Census data on Grayslake to give you a better idea of these factors.
If there are many people moving to or from Grayslake, 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 Grayslake we can get a better idea of the amount of moving activity. The US Census tells us that the metro area population of Grayslake grew from 20,897 in 2010 to 21,018 in 2014, which is a rate of 0.58% growth over four years.
Vacancy and occupancy rates in the Grayslake housing market can help us gauge the demand for living space and thus self-storage space in Grayslake, and may hint at storage availability and pricing. High occupancy rates can indicate a lack of housing supply in Grayslake, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Grayslake area. The US Census estimates that housing vacancy rates in Grayslake are at 6%, while the occupancy rate is at 94%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Grayslake may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Grayslake than in other cities.
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