Just starting your Savannah self storage search? There are a few things you should know. The pricing and availability of storage units in Savannah will depend on several factors such as the real estate climate, the number of people moving into or throughout the area, housing conditions in the city, and the general wealth and prosperity of the area. We used US Census data on Savannah 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 Savannah, you might expect storage prices to be higher and unit availability to be lower. Population changes over time are one way of gauging the amount of moving activity in Savannah. The Savannah metro area grew from 5,079 persons in 2010 to 5,129 persons in 2014 according to the US Census, an increase of 0.98%.
Housing occupancy and vacancy rates in Savannah can help us get a better idea of how much demand there is for living and storage space in Savannah and thus the kind of storage prices and availability we should expect to find. If there's low vacancy rates in Savannah housing, there's likely low vacancy at Savannah storage facilities. This would allow storage facilities in Savannah to charge higher prices for their units. The US Census estimates that housing vacancy rates in Savannah are at 6.6%, while the occupancy rate is at 93.4%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Savannah, suggesting that storage unit inventory might also be tighter in Savannah. With fewer units available, storage facilities in Savannah may charge higher prices.
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