There are a few things you should know about Lady Lake self storage before you begin your search. The pricing and availability of storage units in Lady Lake 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. In order to give you a better idea of these factors in Lady Lake, we pulled in data from the US Census.
Many people use storage as part of their move, so if there are many people moving to Lady Lake, you might expect storage prices to be higher and unit availability to be lower. We can get a good idea of whether or not many people are moving to or from Lady Lake by looking at the change in population. The US Census tells us that the metro area population of Lady Lake grew from 13,949 in 2010 to 14,455 in 2014, which is a rate of 3.63% growth over four years.
Vacancy and occupancy rates in the Lady Lake housing market can help us gauge the demand for living space and thus self-storage space in Lady Lake, and may hint at storage availability and pricing. High occupancy rates can indicate a lack of housing supply in Lady Lake, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Lady Lake area. According to US Census estimates, 81.5% of housing units in Lady Lake are occupied, while the vacancy rate is at 18.5%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Lady Lake may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Lady Lake than in other cities.
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