Finding Self Storage in Plano, TX: Everything You Need To Know
There are a few things you should know about Plano self storage before you begin your search. Storage unit prices and availability in Plano 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 Plano.Plano, TX Self Storage and Moving
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 Plano, that could affect storage unit pricing and availability. By looking at population changes in Plano, 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 Plano metro area's population grew from 261,249 in 2010 to 278,480 in 2014, a growth rate of 6.6%.The Relationship Between Real Estate and Self Storage in Plano, TX
One way to get an idea of the demand for housing and storage space in Plano is to look at housing occupancy and vacancy rates. If there's low vacancy rates in Plano housing, there's likely low vacancy at Plano storage facilities. This would allow storage facilities in Plano to charge higher prices for their units. According to US Census estimates, 95.6% of housing units in Plano are occupied, while the vacancy rate is at 4.4%. That's a higher rate than average for US cities, suggesting storage unit occupancy in Plano may also be higher. That might make it harder to find cheap storage in Plano.