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Just starting your The Woodlands self storage search? There are a few things you should know. Storage unit prices and availability in The Woodlands 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 The Woodlands.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in The Woodlands. High occupancy rates can indicate a lack of housing supply in The Woodlands, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the The Woodlands area. The Woodlands is estimated to have a 93.7% housing occupancy rate, while the vacancy rate is at 6.3%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in The Woodlands, suggesting that storage unit inventory might also be tighter in The Woodlands. With fewer units available, storage facilities in The Woodlands may charge higher prices.
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