Finding Self Storage in South Portland, ME: Top Tips
Before beginning your self storage search in South Portland, there are a few things you should know. South Portland storage unit prices and availability are closely related to things like real estate prices, the type of housing available in the area, the city's wealth, and whether or not many people are moving to the area. The US Census keeps accurate data relating to all of these factors, so we've used their data on South Portland to help inform your South Portland self storage search.Moving and Storage in South Portland, ME
Many people use storage as part of their move, so if there are many people moving to South Portland, 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 South Portland. The US Census tells us that the metro area population of South Portland grew from 24,967 in 2010 to 25,424 in 2014, which is a rate of 1.83% growth over four years.The Real Estate Climate and Self Storage in South Portland, ME
One way to get an idea of the demand for housing and storage space in South Portland is to look at housing occupancy and vacancy rates. If there's low vacancy rates in South Portland housing, there's likely low vacancy at South Portland storage facilities. This would allow storage facilities in South Portland to charge higher prices for their units. The US Census estimates that housing vacancy rates in South Portland are at 5.3%, while the occupancy rate is at 94.7%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in South Portland, suggesting that storage unit inventory might also be tighter in South Portland. With fewer units available, storage facilities in South Portland may charge higher prices.