Before beginning your self storage search in West Hollywood, there are a few things you should know. West Hollywood 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. In order to give you a better idea of these factors in West Hollywood, we pulled in data from the US Census.
Many people use storage as part of their move, so if there are many people moving to West Hollywood, you might expect storage prices to be higher and unit availability to be lower. By looking at population changes in West Hollywood, 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 West Hollywood metro area's population grew from 34,430 in 2010 to 35,883 in 2014, a growth rate of 4.22%.
Housing occupancy and vacancy rates in West Hollywood can help us get a better idea of how much demand there is for living and storage space in West Hollywood and thus the kind of storage prices and availability we should expect to find. High occupancy rates can indicate a lack of housing supply in West Hollywood, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the West Hollywood area. West Hollywood is estimated to have a 91.6% housing occupancy rate, while the vacancy rate is at 8.4%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in West Hollywood also have higher than average occupancy rates. High occupancy rates in West Hollywood will make it more difficult to find a good deal on a storage unit.
(877) 449-0987(Se habla espanol)
2020 © Self Storage Finders. All Rights Reserved.