Just starting your Wellington self storage search? There are a few things you should know. If you're wondering how much you should expect to pay for self storage in Wellington, 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 Wellington to give you a better idea of these factors.
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 Wellington, that could affect storage unit pricing and availability. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Wellington we can get a better idea of the amount of moving activity. The US Census tells us that the metro area population of Wellington grew from 56,873 in 2010 to 61,485 in 2014, which is a rate of 8.11% growth over four years.
Housing occupancy and vacancy rates in Wellington can help us get a better idea of how much demand there is for living and storage space in Wellington and thus the kind of storage prices and availability we should expect to find. Low rates of vacancy in Wellington housing could indicate that real estate is in short supply. Self storage units in Wellington may then also be in short supply, which means Wellington storage unit prices may be higher. Wellington is estimated to have a 86.7% housing occupancy rate, while the vacancy rate is at 13.3%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Wellington may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Wellington than in other cities.
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