Just starting your Petersburg self storage search? There are a few things you should know. Petersburg 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 Petersburg.
Many people use storage as part of their move, so if there are many people moving to Petersburg, you might expect storage prices to be higher and unit availability to be lower. Population changes over time are one way of gauging the amount of moving activity in Petersburg. The US Census tells us that the metro area population of Petersburg declined from 2,384 in 2010 to 2,351 in 2014, a loss of -1.38%.
Housing occupancy and vacancy rates in Petersburg can help us get a better idea of how much demand there is for living and storage space in Petersburg and thus the kind of storage prices and availability we should expect to find. Low rates of vacancy in Petersburg housing could indicate that real estate is in short supply. Self storage units in Petersburg may then also be in short supply, which means Petersburg storage unit prices may be higher. According to US Census estimates, 90.4% of housing units in Petersburg are occupied, while the vacancy rate is at 9.6%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Petersburg also have higher than average occupancy rates. High occupancy rates in Petersburg will make it more difficult to find a good deal on a storage unit.
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