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Just starting your Silver Spring self storage search? There are a few things you should know. The pricing and availability of storage units in Silver Spring 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. The US Census keeps accurate data relating to all of these factors, so we've used their data on Silver Spring to help inform your Silver Spring self storage search.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Silver Spring. Low rates of vacancy in Silver Spring housing could indicate that real estate is in short supply. Self storage units in Silver Spring may then also be in short supply, which means Silver Spring storage unit prices may be higher. The US Census estimates that housing vacancy rates in Silver Spring are at 6.3%, while the occupancy rate is at 93.7%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Silver Spring, suggesting that storage unit inventory might also be tighter in Silver Spring. With fewer units available, storage facilities in Silver Spring may charge higher prices.
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