Finding Self Storage in Rancho Palos Verdes, CA: Top Tips
Just starting your Rancho Palos Verdes self storage search? There are a few things you should know. Rancho Palos Verdes 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 Rancho Palos Verdes.Self Storage and Moving in Rancho Palos Verdes, CA
If there are many people moving to or from Rancho Palos Verdes, 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 Rancho Palos Verdes, 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 Rancho Palos Verdes metro area's population grew from 41,675 in 2010 to 42,726 in 2014, a growth rate of 2.52%.Real Estate and Self Storage in Rancho Palos Verdes, CA
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Rancho Palos Verdes. High occupancy rates can indicate a lack of housing supply in Rancho Palos Verdes, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Rancho Palos Verdes area. The US Census estimates that housing vacancy rates in Rancho Palos Verdes are at 3.8%, while the occupancy rate is at 96.2%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Rancho Palos Verdes, suggesting that storage unit inventory might also be tighter in Rancho Palos Verdes. With fewer units available, storage facilities in Rancho Palos Verdes may charge higher prices.