Finding Self Storage in Lakewood, OH: Everything You Need To Know
If you're searching for self storage in Lakewood, there are a few things you should keep in mind. Storage unit prices and availability in Lakewood are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. The US Census keeps accurate data relating to all of these factors, so we've used their data on Lakewood to help inform your Lakewood self storage search.Lakewood, OH Self Storage and Moving
Many people use storage as part of their move, so if there are many people moving to Lakewood, 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 Lakewood by looking at the change in population. The Lakewood metro area saw its population decline from 52,033 persons in 2010 to 50,926 persons in 2014 according to the US Census, a decrease of -2.13%.Real Estate and Self Storage in Lakewood, OH
Vacancy and occupancy rates in the Lakewood housing market can help us gauge the demand for living space and thus self-storage space in Lakewood, and may hint at storage availability and pricing. If there's low vacancy rates in Lakewood housing, there's likely low vacancy at Lakewood storage facilities. This would allow storage facilities in Lakewood to charge higher prices for their units. According to US Census estimates, 88.7% of housing units in Lakewood are occupied, while the vacancy rate is at 11.3%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Lakewood may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Lakewood than in other cities.