There are a few things you should know about Malta self storage before you begin your search. The pricing and availability of storage units in Malta 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 Malta.
Many people use storage as part of their move, so if there are many people moving to Malta, you might expect storage prices to be higher and unit availability to be lower. Population changes over time are one way of gauging the amount of moving activity in Malta. The Malta metro area saw its population decline from 1,163 persons in 2010 to 1,159 persons in 2014 according to the US Census, a decrease of -0.34%.
One way to get an idea of the demand for housing and storage space in Malta is to look at housing occupancy and vacancy rates. If housing occupancy rates in Malta are high, it's probably safe to assume that storage facility occupancy rates in Malta are also high, which would push unit prices up. The US Census estimates that housing vacancy rates in Malta are at 7%, while the occupancy rate is at 93%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Malta, suggesting that storage unit inventory might also be tighter in Malta. With fewer units available, storage facilities in Malta may charge higher prices.
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