Tips for Finding Self Storage in Pinellas Park, FL
Before beginning your self storage search in Pinellas Park, there are a few things you should know. Storage unit prices and availability in Pinellas Park are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Pinellas Park.Self Storage and Moving in Pinellas Park, FL
If there are many people moving to or from Pinellas Park, prices could be higher than in other cities. That's because self storage if often used as part of a home move. By looking at population changes in Pinellas Park, we should be able to get an idea of how many people are moving to or from the city. According to the US Census, the Pinellas Park metro area's population grew from 49,150 in 2010 to 50,946 in 2014, a growth rate of 3.65%.Self Storage and Real Estate in Pinellas Park, FL
Vacancy and occupancy rates in the Pinellas Park housing market can help us gauge the demand for living space and thus self-storage space in Pinellas Park, and may hint at storage availability and pricing. If housing occupancy rates in Pinellas Park are high, it's probably safe to assume that storage facility occupancy rates in Pinellas Park are also high, which would push unit prices up. According to US Census estimates, 87.9% of housing units in Pinellas Park are occupied, while the vacancy rate is at 12.1%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Pinellas Park, suggesting that storage unit inventory might also be tighter in Pinellas Park. With fewer units available, storage facilities in Pinellas Park may charge higher prices.