Just starting your San Gabriel self storage search? There are a few things you should know. Storage unit prices and availability in San Gabriel are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. We used US Census data on San Gabriel to give you a better idea of these factors.
Many people use storage as part of their move, so if there are many people moving to San Gabriel, you might expect storage prices to be higher and unit availability to be lower. We can get a good idea of whether or not many people are moving to or from San Gabriel by looking at the change in population. The US Census tells us that the metro area population of San Gabriel grew from 39,748 in 2010 to 40,519 in 2014, which is a rate of 1.94% growth over four years.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in San Gabriel. High occupancy rates can indicate a lack of housing supply in San Gabriel, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the San Gabriel area. 5.3% of housing units in San Gabriel are vacant according to the US Census, while 94.7% are occupied. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in San Gabriel, suggesting that storage unit inventory might also be tighter in San Gabriel. With fewer units available, storage facilities in San Gabriel may charge higher prices.
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