If you're searching for self storage in Washington, there are a few things you should keep in mind. If you're wondering how much you should expect to pay for self storage in Washington, consider the fact that storage prices are closely related to factors like the real estate climate, the economic prospects of the city, and population growth. We used US Census data on Washington to give you a better idea of these factors.
Many people use storage as part of their move, so if there are many people moving to Washington, you might expect storage prices to be higher and unit availability to be lower. By looking at population changes in Washington, we should be able to get an idea of how many people are moving to or from the city. According to the US Census, the Washington metro area's population grew from 15,245 in 2010 to 15,816 in 2014, a growth rate of 3.75%.
One way to get an idea of the demand for housing and storage space in Washington is to look at housing occupancy and vacancy rates. If housing occupancy rates in Washington are high, it's probably safe to assume that storage facility occupancy rates in Washington are also high, which would push unit prices up. Washington is estimated to have a 94.8% housing occupancy rate, while the vacancy rate is at 5.2%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Washington also have higher than average occupancy rates. High occupancy rates in Washington will make it more difficult to find a good deal on a storage unit.
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