Everything You Need to Know About Finding Self Storage in Wilmington, NC
Just starting your Wilmington self storage search? There are a few things you should know. Storage unit prices and availability in Wilmington are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Wilmington.Self Storage and Moving in Wilmington, NC
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 Wilmington, prices could be higher and availability lower. Population changes over time are one way of gauging the amount of moving activity in Wilmington. From 2010 to 2014, the Wilmington metro area population grew from 106,820 to 113,657, a growth rate of 6.4% according to the US Census.Real Estate and Self Storage in Wilmington, NC
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. If housing occupancy rates in Wilmington are high, it's probably safe to assume that storage facility occupancy rates in Wilmington are also high, which would push unit prices up. Wilmington is estimated to have a 87.9% housing occupancy rate, while the vacancy rate is at 12.1%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Wilmington may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Wilmington than in other cities.