Finding Self Storage in Newark, CA: Top Tips
Before beginning your self storage search in Newark, there are a few things you should know. The pricing and availability of storage units in Newark 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. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Newark.Newark, CA Moving and Storage
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 Newark, prices could be higher and availability lower. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Newark we can get a better idea of the amount of moving activity. According to the US Census, the Newark metro area's population grew from 42,646 in 2010 to 44,723 in 2014, a growth rate of 4.87%.Real Estate and Self Storage in Newark, CA
One way to get an idea of the demand for housing and storage space in Newark is to look at housing occupancy and vacancy rates. If there's low vacancy rates in Newark housing, there's likely low vacancy at Newark storage facilities. This would allow storage facilities in Newark to charge higher prices for their units. According to US Census estimates, 96.7% of housing units in Newark are occupied, while the vacancy rate is at 3.3%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Newark may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Newark than in other cities.