Just starting your Lewes self storage search? There are a few things you should know. The pricing and availability of storage units in Lewes 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. The US Census keeps accurate data relating to all of these factors, so we've used their data on Lewes to help inform your Lewes self storage search.
If there are many people moving to or from Lewes, 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 Lewes. The US Census tells us that the metro area population of Lewes grew from 2,751 in 2010 to 2,943 in 2014, which is a rate of 6.98% growth over four years.
Vacancy and occupancy rates in the Lewes housing market can help us gauge the demand for living space and thus self-storage space in Lewes, and may hint at storage availability and pricing. High occupancy rates can indicate a lack of housing supply in Lewes, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Lewes area. According to US Census estimates, 52.8% of housing units in Lewes are occupied, while the vacancy rate is at 47.2%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Lewes also have higher than average occupancy rates. High occupancy rates in Lewes will make it more difficult to find a good deal on a storage unit.
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