Just starting your San Luis Obispo self storage search? There are a few things you should know. Storage unit prices and availability in San Luis Obispo are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. The US Census keeps accurate data relating to all of these factors, so we've used their data on San Luis Obispo to help inform your San Luis Obispo self storage search.
Many people use storage as part of their move, so if there are many people moving to San Luis Obispo, 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 Luis Obispo by looking at the change in population. The US Census tells us that the metro area population of San Luis Obispo grew from 45,217 in 2010 to 46,730 in 2014, which is a rate of 3.35% growth over four years.
Vacancy and occupancy rates in the San Luis Obispo housing market can help us gauge the demand for living space and thus self-storage space in San Luis Obispo, and may hint at storage availability and pricing. High occupancy rates can indicate a lack of housing supply in San Luis Obispo, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the San Luis Obispo area. The US Census estimates that housing vacancy rates in San Luis Obispo are at 6.6%, while the occupancy rate is at 93.4%. That's a higher rate than average for US cities, suggesting storage unit occupancy in San Luis Obispo may also be higher. That might make it harder to find cheap storage in San Luis Obispo.
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