Finding Self Storage in Schenectady, NY: Everything You Need To Know
There are a few things you should know about Schenectady self storage before you begin your search. The pricing and availability of storage units in Schenectady 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. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Schenectady.Self Storage and Moving in Schenectady, NY
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 Schenectady, prices could be higher and availability lower. We can get a good idea of whether or not many people are moving to or from Schenectady by looking at the change in population. The US Census tells us that the metro area population of Schenectady declined from 66,180 in 2010 to 65,936 in 2014, a loss of -0.37%.The Real Estate Climate and Self Storage in Schenectady, NY
Vacancy and occupancy rates in the Schenectady housing market can help us gauge the demand for living space and thus self-storage space in Schenectady, and may hint at storage availability and pricing. If there's low vacancy rates in Schenectady housing, there's likely low vacancy at Schenectady storage facilities. This would allow storage facilities in Schenectady to charge higher prices for their units. According to US Census estimates, 88.5% of housing units in Schenectady are occupied, while the vacancy rate is at 11.5%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Schenectady, suggesting that storage unit inventory might also be tighter in Schenectady. With fewer units available, storage facilities in Schenectady may charge higher prices.