Everything You Need to Know About Finding Self Storage in Panama City, FL
Before beginning your self storage search in Panama City, there are a few things you should know. The pricing and availability of storage units in Panama City 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 Panama City, we pulled in data from the US Census.Panama City, FL Moving and Storage
One of the primary uses of self storage is as a safe place to keep your things between moving homes. If many people are moving to or from Panama City, prices could be higher and availability lower. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Panama City we can get a better idea of the amount of moving activity. The US Census tells us that the metro area population of Panama City grew from 35,614 in 2010 to 37,681 in 2014, which is a rate of 5.8% growth over four years.Self Storage and Real Estate in Panama City, FL
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Panama City. If housing occupancy rates in Panama City are high, it's probably safe to assume that storage facility occupancy rates in Panama City are also high, which would push unit prices up. Panama City is estimated to have a 84.8% housing occupancy rate, while the vacancy rate is at 15.2%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Panama City may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Panama City than in other cities.
There are 9 self storage units in Panama City, FL in a 15 mile radius to choose from. This means fewer options for you to choose from, so storage prices in Panama City, FL may be higher than average due to less competition.
Using $1.00/sqft as a national average, the average price for a self storage unit is $1.10. This is 10.22% higher with $0.10 net increase in cost per square foot. You'll be paying more in medium to large cities as storage prices are generally higher in densely populated areas.
Choose from multiple self storage facilities in Panama City including:
We also have specialized storage to choose from in Panama City. If you require a climate controlled unit where temperature and humidity are important, please check out our Panama City, FL Climate Controlled Storage, page. If you need to store a boat, car, or RV near Panama City, FL, please visit our Panama City, FL Vehicle Storage page.