Tips for Finding Self Storage in Wilmington, DE
Before beginning your self storage search in Wilmington, there are a few things you should know. If you're wondering how much you should expect to pay for self storage in Wilmington, 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. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Wilmington.Moving and Storage in Wilmington, DE
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 Wilmington, that could affect storage unit pricing and availability. By looking at population changes in Wilmington, we should be able to get an idea of how many people are moving to or from the city. The Wilmington metro area grew from 70,782 persons in 2010 to 71,817 persons in 2014 according to the US Census, an increase of 1.46%.The Real Estate Climate and Self Storage in Wilmington, DE
Housing occupancy and vacancy rates in Wilmington can help us get a better idea of how much demand there is for living and storage space in Wilmington and thus the kind of storage prices and availability we should expect to find. Low rates of vacancy in Wilmington housing could indicate that real estate is in short supply. Self storage units in Wilmington may then also be in short supply, which means Wilmington storage unit prices may be higher. 12.8% of housing units in Wilmington are vacant according to the US Census, while 87.2% are occupied. That's a higher rate than average for US cities, suggesting storage unit occupancy in Wilmington may also be higher. That might make it harder to find cheap storage in Wilmington.