Everything You Need to Know About Finding Self Storage in Spokane Valley, WA
Before beginning your self storage search in Spokane Valley, there are a few things you should know. Storage unit prices and availability in Spokane Valley are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Spokane Valley.Spokane Valley, WA Self Storage and Moving
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 Spokane Valley, prices could be higher and availability lower. Population changes over time are one way of gauging the amount of moving activity in Spokane Valley. According to the US Census, the Spokane Valley metro area's population grew from 90,040 in 2010 to 91,729 in 2014, a growth rate of 1.88%.The Real Estate Climate and Self Storage in Spokane Valley, WA
Housing occupancy and vacancy rates in Spokane Valley can help us get a better idea of how much demand there is for living and storage space in Spokane Valley and thus the kind of storage prices and availability we should expect to find. If there's low vacancy rates in Spokane Valley housing, there's likely low vacancy at Spokane Valley storage facilities. This would allow storage facilities in Spokane Valley to charge higher prices for their units. 5.9% of housing units in Spokane Valley are vacant according to the US Census, while 94.1% are occupied. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Spokane Valley, suggesting that storage unit inventory might also be tighter in Spokane Valley. With fewer units available, storage facilities in Spokane Valley may charge higher prices.