Just starting your Suwanee self storage search? There are a few things you should know. Storage unit prices and availability in Suwanee 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 Suwanee, we pulled in data from the US Census.
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 Suwanee, prices could be higher and availability lower. We can get a good idea of whether or not many people are moving to or from Suwanee by looking at the change in population. The Suwanee metro area grew from 15,426 persons in 2010 to 18,164 persons in 2014 according to the US Census, an increase of 17.75%.
Vacancy and occupancy rates in the Suwanee housing market can help us gauge the demand for living space and thus self-storage space in Suwanee, and may hint at storage availability and pricing. If housing occupancy rates in Suwanee are high, it's probably safe to assume that storage facility occupancy rates in Suwanee are also high, which would push unit prices up. The US Census estimates that housing vacancy rates in Suwanee are at 5.6%, while the occupancy rate is at 94.4%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Suwanee, suggesting that storage unit inventory might also be tighter in Suwanee. With fewer units available, storage facilities in Suwanee may charge higher prices.
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