Just starting your Hoboken self storage search? There are a few things you should know. The pricing and availability of storage units in Hoboken will depend on several factors such as the real estate climate, the number of people moving into or throughout the area, housing conditions in the city, and the general wealth and prosperity of the area. We used US Census data on Hoboken 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 Hoboken, that could affect storage unit pricing and availability. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Hoboken we can get a better idea of the amount of moving activity. From 2010 to 2014, the Hoboken metro area population grew from 530 to 530, a growth rate of 0% according to the US Census.
Vacancy and occupancy rates in the Hoboken housing market can help us gauge the demand for living space and thus self-storage space in Hoboken, and may hint at storage availability and pricing. If there's low vacancy rates in Hoboken housing, there's likely low vacancy at Hoboken storage facilities. This would allow storage facilities in Hoboken to charge higher prices for their units. Hoboken is estimated to have a 92.8% housing occupancy rate, while the vacancy rate is at 7.2%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Hoboken may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Hoboken than in other cities.
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