Just starting your Miami Lakes 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 Miami Lakes, 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. The US Census keeps accurate data relating to all of these factors, so we've used their data on Miami Lakes to help inform your Miami Lakes self storage search.
Many people use storage as part of their move, so if there are many people moving to Miami Lakes, 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 Miami Lakes we can get a better idea of the amount of moving activity. According to the US Census, the Miami Lakes metro area's population grew from 29,495 in 2010 to 30,791 in 2014, a growth rate of 4.39%.
One way to get an idea of the demand for housing and storage space in Miami Lakes is to look at housing occupancy and vacancy rates. If housing occupancy rates in Miami Lakes are high, it's probably safe to assume that storage facility occupancy rates in Miami Lakes are also high, which would push unit prices up. Miami Lakes is estimated to have a 95.8% housing occupancy rate, while the vacancy rate is at 4.2%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Miami Lakes may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Miami Lakes than in other cities.
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