Just starting your Vero Beach self storage search? There are a few things you should know. The pricing and availability of storage units in Vero Beach will depend on several factors such as the real estate climate, the number of people moving into or throughout the area, housing conditions in the city, and the general wealth and prosperity of the area. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Vero Beach.
Self storage is commonly used as a secure place to store one's belongings when moving into a new home. If there's a high amount of moving activity in Vero Beach, that could affect storage unit pricing and availability. We can get a good idea of whether or not many people are moving to or from Vero Beach by looking at the change in population. From 2010 to 2014, the Vero Beach metro area population grew from 15,251 to 16,017, a growth rate of 5.02% according to the US Census.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Vero Beach. High occupancy rates can indicate a lack of housing supply in Vero Beach, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Vero Beach area. Vero Beach is estimated to have a 73.2% housing occupancy rate, while the vacancy rate is at 26.8%. That's a higher rate than average for US cities, suggesting storage unit occupancy in Vero Beach may also be higher. That might make it harder to find cheap storage in Vero Beach.
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