Finding Self Storage in Southwest Ranches, FL: Everything You Need To Know
Before beginning your self storage search in Southwest Ranches, there are a few things you should know. Storage unit prices and availability in Southwest Ranches are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. In order to give you a better idea of these factors in Southwest Ranches, we pulled in data from the US Census.Self Storage and Moving in Southwest Ranches, FL
If there are many people moving to or from Southwest Ranches, prices could be higher than in other cities. That's because self storage if often used as part of a home move. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Southwest Ranches we can get a better idea of the amount of moving activity. From 2010 to 2014, the Southwest Ranches metro area population grew from 7,367 to 7,761, a growth rate of 5.35% according to the US Census.The Relationship Between Real Estate and Self Storage in Southwest Ranches, FL
One way to get an idea of the demand for housing and storage space in Southwest Ranches is to look at housing occupancy and vacancy rates. If housing occupancy rates in Southwest Ranches are high, it's probably safe to assume that storage facility occupancy rates in Southwest Ranches are also high, which would push unit prices up. The US Census estimates that housing vacancy rates in Southwest Ranches are at 6.2%, while the occupancy rate is at 93.8%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Southwest Ranches also have higher than average occupancy rates. High occupancy rates in Southwest Ranches will make it more difficult to find a good deal on a storage unit.