Self Storage in Coral Springs: FAQ
About how much does a Coral Springs, FL storage unit cost?
How can you hunt for a cheap storage unit if you don't know how much one in Coral Springs should cost? Storage prices can shift significantly from city-to-city, so knowing what's standard for an area can be difficult. There's no need to fret, however, as our analysts have gone through the data and have all the statistics on storage in Coral Springs that you might need.
In Coral Springs the average monthly rental rate for a storage unit is $90.09. If your storage needs are of a longer term, remember that at those rates you'll be paying approximately $1081.08 a year. That average doesn't discriminate by size, so it shouldn't be taken as an extremely accurate figure. You can, after all, end up paying twice as much for the larger unit sizes than the smaller sizes. There are six standard sizes of storage units in Coral Springs, including: 5x5, 5x10, 10x10, 10x15, 10x20 and 10x30. The following are the average prices for each size:
|Storage Unit Size||Average Price in Coral Springs, FL|
How much should I expect my storage rental rates to be in Coral Springs?
Some storage seekers are able to find much cheaper rates by looking in nearby communities in addition to their own. By expanding your search into areas you might not have thought to look, you might be able to happen upon some excellent deals. The sum you'll save each month could totally be worth the extra drive, especially if you'll only need to visit your unit on the rare occasion. In order to help you know whether or not to expand your search, the analysts at SelfStorage.com have done the math to figure out whether self-storage (also called mini storage or public self storage) in Coral Springs is relatively more or less expensive than other cities.
Coral Springs is the 48th most expensive city for self storage in the state of Florida, with the average price of a storage unit there coming in at $90.09. Florida itself is the 15th most expensive state for storage. In general, storage units in Coral Springs go for $11.46 more than the state average of $78.63.
While average prices will give you a good idea of how much you should expect to spend, they don't necessarily tell us if storage is relatively affordable in that city. To give you a better idea of affordability, we've created a 'relative price' scale that estimates how expensive storage is for median income earners in that state. Given that the average price of a storage unit in Coral Springs is $90.09 and the median income in Florida is $45,281.00 a year, we can determine that a storage unit would require 2.39% of a median earner's monthly paycheck. As a percentage of income, storage costs rank at the 72nd percentile among cities in Florida, making Coral Springs more expensive than most cities.
The same holds true on a national scale, where storage in Coral Springs is comparatively very expensive, ranking at the 79th percentile among cities nationwide. Expect to pay $17.94 more than the national average of $72.15 when searching for self storage in Coral Springs.
How many self-storage facilities do you offer in Coral Springs? Is there enough coverage to meet the population's demand?
Successfully booking the storage unit you're looking for will have much to do with the number of self storage businesses in your city, as the more facilities there are the more options you'll have available. In terms of the number of storage businesses in Coral Springs, are there plenty of options available, or few?
Analysts at SelfStorage.com report that there are an estimated 4 storage facilities located in the Coral Springs area. That's a very small number of facilties compared to what's on offer in other Florida cities, a full 6 fewer than the Florida average of 10 per city. Coral Springs accounts for a mere 0.25% of facilities listed in Florida and only ranks as the 173 largest city out of the state's 173 in terms of number of facilities. The same can be said for Coral Springs on a national scale as well, where it has 5 fewer than the nine facilities that can be found in the average American city.
But of course, comparing the raw number of storage facilities in Coral Springs to other cities in Florida and nationwide without taking population into account tells us very little. Do the 4 self storage facilities in Coral Springs offer the 126,518 people living there enough extra storage space? How does Coral Springs compare to similarly-sized cities? Comparing Coral Springs with other cities in its 100,000 to 250,000 population group shows us that Coral Springs has significantly fewer self-storage facilities for its size relative to these other cities. With an average of 18 facilities per city, Coral Springs is an average 14 behind those in the 100,000 to 250,000 group, with substantially-less storage space. Per capita measures seem to have verified our conclusion that Coral Springs is in possession of few storage businesses for its size. With only 4 self storage businesses serving a community of roughly 126,518 people, Coral Springs lands in the 4th percentile for storage facilities per capita nationwide. That obviously means there's not as much storage space for each resident as there is in other cities, which could clealy complicate your storage search. Just as Coral Springs offers little storage space per person on a national scale, the same goes when we compare the city to others in its state, where it only ranks in the 6th percentile for facilities per capita.
Finally, it also seems that Coral Springs is undergoing a modest level of population growth. According to the US Census, Coral Springs grew by 5.6% from 2000 to 2010, which, though not insignificant, is 12% less than the 17.6% growth Florida saw. Concluding that demand for storage in Coral Springs would be lower than in other cities in Florida due to its relatively-low growth rate would, however, be ignoring the fact that Coral Springs has fewer facilities for its population than many of these cities, and that a shorter supply would have the same effects on price as high demand.
When are Coral Springs, FL storage prices cheapest? Should I book in August or December?
Self storage prices are highly seasonal, with rental prices often fluctuating widely throughout the year. Storage seasonality is in synch with the moving seasons, which are at their highest in the late spring and summer, as a huge amount of storage demand is generated by people moving into new homes. The day following Memorial Day is typically the busiest of the high season, and is known in the industry as 'National Moving Day' and 'Crazy Tuesday for the number of people who decided to move and rent storage on that day. 5x5 and 5x10 units often see wider seasonal swings, primarily due to college students renting these smaller sizes when they leave town for the summer. College towns will be particularly affected by this.
The difference between seasons is somewhat greater in Coral Springs than it is elsewhere, meaning you should be more wary of seasonal effects. Those looking for storage here should try to hedge against these fluctuations by locking in their monthly rate. August is the most expensive month for storage in Coral Springs, with an average price of $185. The cheapest prices on storage in Coral Springs can be found during the month of December, where the average cost of a unit is $27.82.