Finding Self Storage in Lake Mary, FL: Everything You Need To Know
Just starting your Lake Mary self storage search? There are a few things you should know. If you're wondering how much you should expect to pay for self storage in Lake Mary, 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. In order to give you a better idea of these factors in Lake Mary, we pulled in data from the US Census.Self Storage and Moving in Lake Mary, FL
One of the primary uses of self storage is as a safe place to keep your things between moving homes. If many people are moving to or from Lake Mary, prices could be higher and availability lower. By looking at population changes in Lake Mary, we should be able to get an idea of how many people are moving to or from the city. According to the US Census, the Lake Mary metro area's population grew from 13,814 in 2010 to 15,801 in 2014, a growth rate of 14.38%.The Relationship Between Real Estate and Self Storage in Lake Mary, FL
Housing occupancy and vacancy rates in Lake Mary can help us get a better idea of how much demand there is for living and storage space in Lake Mary and thus the kind of storage prices and availability we should expect to find. If there's low vacancy rates in Lake Mary housing, there's likely low vacancy at Lake Mary storage facilities. This would allow storage facilities in Lake Mary to charge higher prices for their units. Lake Mary is estimated to have a 93% housing occupancy rate, while the vacancy rate is at 7%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Lake Mary may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Lake Mary than in other cities.