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Everything You Need to Know About Finding Self Storage in Margate, FL

If you're searching for self storage in Margate, there are a few things you should keep in mind. Storage unit prices and availability in Margate are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. In order to give you a better idea of these factors in Margate, we pulled in data from the US Census.

Margate, FL Self Storage and Moving

Many people use storage as part of their move, so if there are many people moving to Margate, you might expect storage prices to be higher and unit availability to be lower. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Margate we can get a better idea of the amount of moving activity. According to the US Census, the Margate metro area's population grew from 53,429 in 2010 to 56,061 in 2014, a growth rate of 4.93%.

The Real Estate Climate and Self Storage in Margate, FL

Housing occupancy and vacancy rates in Margate can help us get a better idea of how much demand there is for living and storage space in Margate and thus the kind of storage prices and availability we should expect to find. High occupancy rates can indicate a lack of housing supply in Margate, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Margate area. According to US Census estimates, 86.4% of housing units in Margate are occupied, while the vacancy rate is at 13.6%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Margate also have higher than average occupancy rates. High occupancy rates in Margate will make it more difficult to find a good deal on a storage unit.