Everything You Need to Know About Finding Self Storage in Union City, NJ
If you're searching for self storage in Union City, there are a few things you should keep in mind. Union City 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. We used US Census data on Union City to give you a better idea of these factors.Self Storage and Moving in Union City, NJ
Many people use storage as part of their move, so if there are many people moving to Union City, you might expect storage prices to be higher and unit availability to be lower. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Union City we can get a better idea of the amount of moving activity. According to the US Census, the Union City metro area's population grew from 66,599 in 2010 to 68,668 in 2014, a growth rate of 3.11%.Self Storage and Real Estate in Union City, NJ
One way to get an idea of the demand for housing and storage space in Union City is to look at housing occupancy and vacancy rates. If there's low vacancy rates in Union City housing, there's likely low vacancy at Union City storage facilities. This would allow storage facilities in Union City to charge higher prices for their units. The US Census estimates that housing vacancy rates in Union City are at 8.5%, while the occupancy rate is at 91.5%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Union City, suggesting that storage unit inventory might also be tighter in Union City. With fewer units available, storage facilities in Union City may charge higher prices.