Just starting your Lantana self storage search? There are a few things you should know. The pricing and availability of storage units in Lantana 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. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Lantana.
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 Lantana, prices could be higher and availability lower. Population changes over time are one way of gauging the amount of moving activity in Lantana. The US Census tells us that the metro area population of Lantana grew from 10,637 in 2010 to 10,996 in 2014, which is a rate of 3.38% growth over four years.
Vacancy and occupancy rates in the Lantana housing market can help us gauge the demand for living space and thus self-storage space in Lantana, and may hint at storage availability and pricing. If there's low vacancy rates in Lantana housing, there's likely low vacancy at Lantana storage facilities. This would allow storage facilities in Lantana to charge higher prices for their units. Lantana is estimated to have a 81.2% housing occupancy rate, while the vacancy rate is at 18.8%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Lantana may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Lantana than in other cities.
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