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Finding Self Storage in Hoboken, NJ: Everything You Need To Know

Before beginning your self storage search in Hoboken, there are a few things you should know. Hoboken 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. We used US Census data on Hoboken to give you a better idea of these factors.

Moving and Storage in Hoboken, NJ

If there are many people moving to or from Hoboken, prices could be higher than in other cities. That's because self storage if often used as part of a home move. Population changes over time are one way of gauging the amount of moving activity in Hoboken. The Hoboken metro area grew from 50,117 persons in 2010 to 53,312 persons in 2014 according to the US Census, an increase of 6.38%.

The Real Estate Climate and Self Storage in Hoboken, NJ

Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Hoboken. High occupancy rates can indicate a lack of housing supply in Hoboken, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Hoboken area. 6.8% of housing units in Hoboken are vacant according to the US Census, while 93.2% are occupied. 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.