Everything You Need to Know About Finding Self Storage in New Brunswick, NJ
There are a few things you should know about New Brunswick self storage before you begin your search. If you're wondering how much you should expect to pay for self storage in New Brunswick, 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 New Brunswick to help inform your New Brunswick self storage search.New Brunswick, NJ Self Storage and Moving
One of the primary uses of self storage is as a safe place to keep your things between moving homes. If many people are moving to or from New Brunswick, prices could be higher and availability lower. By looking at population changes in New Brunswick, we should be able to get an idea of how many people are moving to or from the city. The New Brunswick metro area grew from 54,759 persons in 2010 to 57,080 persons in 2014 according to the US Census, an increase of 4.24%.The Relationship Between Real Estate and Self Storage in New Brunswick, NJ
One way to get an idea of the demand for housing and storage space in New Brunswick is to look at housing occupancy and vacancy rates. High occupancy rates can indicate a lack of housing supply in New Brunswick, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the New Brunswick area. New Brunswick is estimated to have a 93.8% housing occupancy rate, while the vacancy rate is at 6.2%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in New Brunswick, suggesting that storage unit inventory might also be tighter in New Brunswick. With fewer units available, storage facilities in New Brunswick may charge higher prices.