Finding Self Storage in Utica, NY: Everything You Need To Know
If you're searching for self storage in Utica, there are a few things you should keep in mind. Storage unit prices and availability in Utica are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. We used US Census data on Utica to give you a better idea of these factors.Moving and Storage in Utica, NY
Many people use storage as part of their move, so if there are many people moving to Utica, you might expect storage prices to be higher and unit availability to be lower. We can get a good idea of whether or not many people are moving to or from Utica by looking at the change in population. The Utica metro area saw its population decline from 62,231 persons in 2010 to 61,332 persons in 2014 according to the US Census, a decrease of -1.44%.The Relationship Between Real Estate and Self Storage in Utica, NY
Housing occupancy and vacancy rates in Utica can help us get a better idea of how much demand there is for living and storage space in Utica and thus the kind of storage prices and availability we should expect to find. If housing occupancy rates in Utica are high, it's probably safe to assume that storage facility occupancy rates in Utica are also high, which would push unit prices up. The US Census estimates that housing vacancy rates in Utica are at 11.6%, while the occupancy rate is at 88.4%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Utica also have higher than average occupancy rates. High occupancy rates in Utica will make it more difficult to find a good deal on a storage unit.