Finding Self Storage in Palm Springs, FL: Everything You Need To Know
Just starting your Palm Springs self storage search? There are a few things you should know. Palm Springs storage unit prices and availability are closely related to things like real estate prices, the type of housing available in the area, the city's wealth, and whether or not many people are moving to the area. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Palm Springs.Moving and Storage in Palm Springs, FL
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 Palm Springs, that could affect storage unit pricing and availability. We can get a good idea of whether or not many people are moving to or from Palm Springs by looking at the change in population. From 2010 to 2014, the Palm Springs metro area population grew from 20,865 to 21,728, a growth rate of 4.14% according to the US Census.The Real Estate Climate and Self Storage in Palm Springs, FL
One way to get an idea of the demand for housing and storage space in Palm Springs is to look at housing occupancy and vacancy rates. If housing occupancy rates in Palm Springs are high, it's probably safe to assume that storage facility occupancy rates in Palm Springs are also high, which would push unit prices up. The US Census estimates that housing vacancy rates in Palm Springs are at 16.9%, while the occupancy rate is at 83.1%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Palm Springs may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Palm Springs than in other cities.