Tips for Finding Self Storage in Longmont, CO
Just starting your Longmont self storage search? There are a few things you should know. Storage unit prices and availability in Longmont are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. We used US Census data on Longmont to give you a better idea of these factors.Longmont, CO Moving and Storage
If there are many people moving to or from Longmont, prices could be higher than in other cities. That's because self storage if often used as part of a home move. We can get a good idea of whether or not many people are moving to or from Longmont by looking at the change in population. The US Census tells us that the metro area population of Longmont grew from 86,405 in 2010 to 90,237 in 2014, which is a rate of 4.43% growth over four years.The Relationship Between Real Estate and Self Storage in Longmont, CO
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Longmont. If there's low vacancy rates in Longmont housing, there's likely low vacancy at Longmont storage facilities. This would allow storage facilities in Longmont to charge higher prices for their units. According to US Census estimates, 95% of housing units in Longmont are occupied, while the vacancy rate is at 5%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Longmont, suggesting that storage unit inventory might also be tighter in Longmont. With fewer units available, storage facilities in Longmont may charge higher prices.