Finding Self Storage in Menlo Park, CA: Everything You Need To Know
If you're searching for self storage in Menlo Park, there are a few things you should keep in mind. The pricing and availability of storage units in Menlo Park 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. The US Census keeps accurate data relating to all of these factors, so we've used their data on Menlo Park to help inform your Menlo Park self storage search.Moving and Storage in Menlo Park, CA
Many people use storage as part of their move, so if there are many people moving to Menlo Park, you might expect storage prices to be higher and unit availability to be lower. By looking at population changes in Menlo Park, we should be able to get an idea of how many people are moving to or from the city. From 2010 to 2014, the Menlo Park metro area population grew from 32,098 to 33,309, a growth rate of 3.77% according to the US Census.The Relationship Between Real Estate and Self Storage in Menlo Park, CA
Vacancy and occupancy rates in the Menlo Park housing market can help us gauge the demand for living space and thus self-storage space in Menlo Park, and may hint at storage availability and pricing. Low rates of vacancy in Menlo Park housing could indicate that real estate is in short supply. Self storage units in Menlo Park may then also be in short supply, which means Menlo Park storage unit prices may be higher. 5.6% of housing units in Menlo Park are vacant according to the US Census, while 94.4% are occupied. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Menlo Park may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Menlo Park than in other cities.