In this article we look at the self-storage rates in the fastest growing cities in California with population above 30,000. The strong economies in California’s major cities have driven cost of living expenses in those cities, resulting in Californians looking to move to more affordable neighboring cities. We examine the impact this has had on rates in each of these cities, by analyzing average rates over the last 18 months, for 10×10 standard units.
Below are the 10 fastest growing cities with population above 30,000 and their monthly average rates for 10×10 non-climate controlled units each month for the last 18 months.
10×10 Non-Climate Controlled Monthly Average Rates
Beaumont, California, in Riverside County, is one of the fastest growing cities. Rates for 10×10 standard units here have trended upwards with a lowest average rate of $102 as recent as October 2018 to a high of $118 in July 2019. The average rate for 10×10 standard units over the last 6 months has increased to $115.
Chico, California in the Northern part of the state, has faced some of the worse natural disasters in the state in recent years. Despite the this, Chico has made it on the list of fastest smaller cities in the state. Rates in this city have seen a downward trend over the last 18 months. The average rate for a 10×10 non-climate controlled rate in the last six months dropped to $70 from an average of $77 during the last 6 months of 2018. It also has the lowest rates for 10×10 standard units out of the 10 fastest going cities on this list.
Clovis, California, located in Fresno County, has seen an upward trend in rates for 10×10 non-climate controlled units over the last 18 months. The last 6 months have seen an average of $115 for 10×10 standard units compared to an average of $112 during the last 6 months of 2018.
Dublin, CA, located in the Bay Area, has seen an unprecedented boom in housing developments over the last years. This has driven growth to the city and surrounding areas. Rates for 10×10 standard units here have seen a steady increase. The average rate in the last 12 months has been $164, up from $161 the previous year.
Hollister, California, located inland near the Monterey Bay Area, is on the list of fastest growing cities. Rates in this city have seen a steady decline over the last 18 months. Rates in the last 6 months averaged $137 for 10×10 non climate-controlled units, a 2% decrease in average rates over the last 12 months.
Manteca, California, in San Joaquin County, is surrounded by the larger cities of Modesto, Tracy and Stockton. Rates here have seen a small but steady decline in rates over the last year and a half. 10×10 standard units averaged a monthly rate of $121 over the last 6 months, compared to $122 the previous 6 months and $124 from May to October 2018.
Menifee, CA is the second city on this list located within Riverside County. Rates for 10×10 standard units, have trended upwards over the last year and a half. The average monthly rate over the last 6 months was $131, a 2.5% increase from rates over the previous 6 months, a monthly average of $128.
Newark, California, is located in Alameda County and currently has the highest rates for 10×10 non-climate controlled units out of the 10 cities on this list. Located in the Bay Area, it’s no surprise the rates are comparable to that of the larger region. The average monthly rates were $170 in the last 6 months, compared to $150 over the 6 months before that.
Rocklin, California is located outside of Sacramento. Over the last 18 months, 10×10 non-climate controlled units have declined slightly. The average monthly rate in the last 6 months was $131, while rates were an average of $132 over the 6 months before.
Santa Clarita, CA is a city just north of Los Angeles. Here, the rates for 10×10 standard units have also trended downward over the past 18 months. The rates over the past 6 months $158 and the monthly average rates over the past 12 months have been $162.
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