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Tips for Finding Self Storage in Lewiston, ME

There are a few things you should know about Lewiston self storage before you begin your search. If you're wondering how much you should expect to pay for self storage in Lewiston, 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. The US Census keeps accurate data relating to all of these factors, so we've used their data on Lewiston to help inform your Lewiston self storage search.

Lewiston, ME Self Storage and Moving

If there are many people moving to or from Lewiston, prices could be higher than in other cities. That's because self storage if often used as part of a home move. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Lewiston we can get a better idea of the amount of moving activity. US Census data tells us that the Lewiston metro area's population shrank from 36,568 in 2010 to 36,299 in 2014, a decline of -0.74%.

The Relationship Between Real Estate and Self Storage in Lewiston, ME.

Housing occupancy and vacancy rates in Lewiston can help us get a better idea of how much demand there is for living and storage space in Lewiston and thus the kind of storage prices and availability we should expect to find. Low rates of vacancy in Lewiston housing could indicate that real estate is in short supply. Self storage units in Lewiston may then also be in short supply, which means Lewiston storage unit prices may be higher. 8.8% of housing units in Lewiston are vacant according to the US Census, while 91.2% are occupied. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Lewiston, suggesting that storage unit inventory might also be tighter in Lewiston. With fewer units available, storage facilities in Lewiston may charge higher prices.