Tips for Finding Self Storage in Newark, NJ
Just starting your Newark self storage search? There are a few things you should know. Storage unit prices and availability in Newark are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. The US Census keeps accurate data relating to all of these factors, so we've used their data on Newark to help inform your Newark self storage search.Self Storage and Moving in Newark, NJ
Self storage is commonly used as a secure place to store one's belongings when moving into a new home. If there's a high amount of moving activity in Newark, that could affect storage unit pricing and availability. 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. The US Census tells us that the metro area population of Newark grew from 277,522 in 2010 to 280,579 in 2014, which is a rate of 1.1% growth over four years.Self Storage and Real Estate in Newark, NJ
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Newark. If housing occupancy rates in Newark are high, it's probably safe to assume that storage facility occupancy rates in Newark are also high, which would push unit prices up. 13.7% of housing units in Newark are vacant according to the US Census, while 86.3% are occupied. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Newark, suggesting that storage unit inventory might also be tighter in Newark. With fewer units available, storage facilities in Newark may charge higher prices.