There are a few things you should know about Westlake Village self storage before you begin your search. If you're wondering how much you should expect to pay for self storage in Westlake Village, 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. The US Census keeps accurate data relating to all of these factors, so we've used their data on Westlake Village to help inform your Westlake Village self storage search.
One of the primary uses of self storage is as a safe place to keep your things between moving homes. If many people are moving to or from Westlake Village, prices could be higher and availability lower. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Westlake Village we can get a better idea of the amount of moving activity. The US Census tells us that the metro area population of Westlake Village grew from 8,278 in 2010 to 8,473 in 2014, which is a rate of 2.36% growth over four years.
Housing occupancy and vacancy rates in Westlake Village can help us get a better idea of how much demand there is for living and storage space in Westlake Village and thus the kind of storage prices and availability we should expect to find. If there's low vacancy rates in Westlake Village housing, there's likely low vacancy at Westlake Village storage facilities. This would allow storage facilities in Westlake Village to charge higher prices for their units. According to US Census estimates, 96.4% of housing units in Westlake Village are occupied, while the vacancy rate is at 3.6%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Westlake Village also have higher than average occupancy rates. High occupancy rates in Westlake Village will make it more difficult to find a good deal on a storage unit.
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