There are a few things you should know about Greenville self storage before you begin your search. If you're wondering how much you should expect to pay for self storage in Greenville, 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. We used US Census data on Greenville to give you a better idea of these factors.
Self storage is commonly used as a secure place to store one's belongings when moving into a new home. If there's a high amount of moving activity in Greenville, that could affect storage unit pricing and availability. By looking at population changes in Greenville, we should be able to get an idea of how many people are moving to or from the city. The US Census tells us that the metro area population of Greenville grew from 84,976 in 2010 to 89,852 in 2014, which is a rate of 5.74% growth over four years.
One way to get an idea of the demand for housing and storage space in Greenville is to look at housing occupancy and vacancy rates. If there's low vacancy rates in Greenville housing, there's likely low vacancy at Greenville storage facilities. This would allow storage facilities in Greenville to charge higher prices for their units. Greenville is estimated to have a 88.9% housing occupancy rate, while the vacancy rate is at 11.1%. That's a higher rate than average for US cities, suggesting storage unit occupancy in Greenville may also be higher. That might make it harder to find cheap storage in Greenville.
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