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Everything You Need to Know About Finding Self Storage in Northbrook, IL

If you're searching for self storage in Northbrook, there are a few things you should keep in mind. If you're wondering how much you should expect to pay for self storage in Northbrook, 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. In order to give you a better idea of these factors in Northbrook, we pulled in data from the US Census.

Northbrook, IL Moving and Storage

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 Northbrook, 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 Northbrook we can get a better idea of the amount of moving activity. According to the US Census, the Northbrook metro area's population grew from 33,206 in 2010 to 33,655 in 2014, a growth rate of 1.35%.

Real Estate and Self Storage in Northbrook, IL

Housing occupancy and vacancy rates in Northbrook can help us get a better idea of how much demand there is for living and storage space in Northbrook and thus the kind of storage prices and availability we should expect to find. If there's low vacancy rates in Northbrook housing, there's likely low vacancy at Northbrook storage facilities. This would allow storage facilities in Northbrook to charge higher prices for their units. Northbrook is estimated to have a 94.1% housing occupancy rate, while the vacancy rate is at 5.9%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Northbrook may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Northbrook than in other cities.