Before beginning your self storage search in Westlake, there are a few things you should know. Westlake 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. The US Census keeps accurate data relating to all of these factors, so we've used their data on Westlake to help inform your Westlake self storage search.
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 Westlake, 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 Westlake by looking at the change in population. The US Census tells us that the metro area population of Westlake declined from 32,689 in 2010 to 32,424 in 2014, a loss of -0.81%.
Vacancy and occupancy rates in the Westlake housing market can help us gauge the demand for living space and thus self-storage space in Westlake, and may hint at storage availability and pricing. If there's low vacancy rates in Westlake housing, there's likely low vacancy at Westlake storage facilities. This would allow storage facilities in Westlake to charge higher prices for their units. Westlake is estimated to have a 93.4% housing occupancy rate, while the vacancy rate is at 6.6%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Westlake may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Westlake than in other cities.
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