Just starting your Marco Island self storage search? There are a few things you should know. If you're wondering how much you should expect to pay for self storage in Marco Island, 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. We used US Census data on Marco Island to give you a better idea of these factors.
If there are many people moving to or from Marco Island, 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 Marco Island. From 2010 to 2014, the Marco Island metro area population grew from 16,463 to 17,460, a growth rate of 6.06% according to the US Census.
Housing occupancy and vacancy rates in Marco Island can help us get a better idea of how much demand there is for living and storage space in Marco Island and thus the kind of storage prices and availability we should expect to find. If there's low vacancy rates in Marco Island housing, there's likely low vacancy at Marco Island storage facilities. This would allow storage facilities in Marco Island to charge higher prices for their units. Marco Island is estimated to have a 47.9% housing occupancy rate, while the vacancy rate is at 52.1%. That's a higher rate than average for US cities, suggesting storage unit occupancy in Marco Island may also be higher. That might make it harder to find cheap storage in Marco Island.
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