Finding Self Storage in Norfolk, VA: Everything You Need To Know
Just starting your Norfolk self storage search? There are a few things you should know. The pricing and availability of storage units in Norfolk 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. We used US Census data on Norfolk to give you a better idea of these factors.Moving and Storage in Norfolk, VA
Many people use storage as part of their move, so if there are many people moving to Norfolk, 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 Norfolk we can get a better idea of the amount of moving activity. According to the US Census, the Norfolk metro area's population grew from 242,943 in 2010 to 245,428 in 2014, a growth rate of 1.02%.Real Estate and Self Storage in Norfolk, VA
Vacancy and occupancy rates in the Norfolk housing market can help us gauge the demand for living space and thus self-storage space in Norfolk, and may hint at storage availability and pricing. If housing occupancy rates in Norfolk are high, it's probably safe to assume that storage facility occupancy rates in Norfolk are also high, which would push unit prices up. The US Census estimates that housing vacancy rates in Norfolk are at 9%, while the occupancy rate is at 91%. That's a higher rate than average for US cities, suggesting storage unit occupancy in Norfolk may also be higher. That might make it harder to find cheap storage in Norfolk.