If you're searching for self storage in Pasadena, 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 Pasadena, 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. We used US Census data on Pasadena to give you a better idea of these factors.
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 Pasadena, 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 Pasadena we can get a better idea of the amount of moving activity. From 2010 to 2014, the Pasadena metro area population grew from 137,208 to 140,881, a growth rate of 2.68% according to the US Census.
One way to get an idea of the demand for housing and storage space in Pasadena is to look at housing occupancy and vacancy rates. Low rates of vacancy in Pasadena housing could indicate that real estate is in short supply. Self storage units in Pasadena may then also be in short supply, which means Pasadena storage unit prices may be higher. Pasadena is estimated to have a 92.8% housing occupancy rate, while the vacancy rate is at 7.2%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Pasadena also have higher than average occupancy rates. High occupancy rates in Pasadena will make it more difficult to find a good deal on a storage unit.
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