Everything You Need to Know About Finding Self Storage in Redwood City, CA
Before beginning your self storage search in Redwood City, there are a few things you should know. Storage unit prices and availability in Redwood City 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 Redwood City.Redwood City, CA Moving and Storage
One of the primary uses of self storage is as a safe place to keep your things between moving homes. If many people are moving to or from Redwood City, prices could be higher and availability lower. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Redwood City we can get a better idea of the amount of moving activity. The US Census tells us that the metro area population of Redwood City grew from 77,021 in 2010 to 82,881 in 2014, which is a rate of 7.61% growth over four years.Self Storage and Real Estate in Redwood City, CA
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Redwood City. High occupancy rates can indicate a lack of housing supply in Redwood City, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Redwood City area. 4.1% of housing units in Redwood City are vacant according to the US Census, while 95.9% are occupied. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Redwood City may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Redwood City than in other cities.