Finding Self Storage in Ontario, NY: Top Tips
If you're searching for self storage in Ontario, there are a few things you should keep in mind. The pricing and availability of storage units in Ontario 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. In order to give you a better idea of these factors in Ontario, we pulled in data from the US Census.Moving and Storage in Ontario, NY
Many people use storage as part of their move, so if there are many people moving to Ontario, you might expect storage prices to be higher and unit availability to be lower. By looking at population changes in Ontario, we should be able to get an idea of how many people are moving to or from the city. The Ontario metro area saw its population decline from 10,126 persons in 2010 to 10,097 persons in 2014 according to the US Census, a decrease of -0.29%.The Real Estate Climate and Self Storage in Ontario, NY
Vacancy and occupancy rates in the Ontario housing market can help us gauge the demand for living space and thus self-storage space in Ontario, and may hint at storage availability and pricing. If there's low vacancy rates in Ontario housing, there's likely low vacancy at Ontario storage facilities. This would allow storage facilities in Ontario to charge higher prices for their units. According to US Census estimates, 94.3% of housing units in Ontario are occupied, while the vacancy rate is at 5.7%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Ontario, suggesting that storage unit inventory might also be tighter in Ontario. With fewer units available, storage facilities in Ontario may charge higher prices.