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Finding Self Storage in Greenwich, CT: Everything You Need To Know

If you're searching for self storage in Greenwich, there are a few things you should keep in mind. Greenwich 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 Greenwich, we pulled in data from the US Census.

Self Storage and Moving in Greenwich, CT

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 Greenwich, that could affect storage unit pricing and availability. We can get a good idea of whether or not many people are moving to or from Greenwich by looking at the change in population. The Greenwich metro area grew from 61,302 persons in 2010 to 62,610 persons in 2014 according to the US Census, an increase of 2.13%.

The Real Estate Climate and Self Storage in Greenwich, CT

One way to get an idea of the demand for housing and storage space in Greenwich is to look at housing occupancy and vacancy rates. If there's low vacancy rates in Greenwich housing, there's likely low vacancy at Greenwich storage facilities. This would allow storage facilities in Greenwich to charge higher prices for their units. Greenwich is estimated to have a 88.3% housing occupancy rate, while the vacancy rate is at 11.7%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Greenwich, suggesting that storage unit inventory might also be tighter in Greenwich. With fewer units available, storage facilities in Greenwich may charge higher prices.