Share:
self storage unit with blue duotone overlaid 3 people looking around a self storage unit

Insights

UK Self Storage Annual Report 2020

The Self Storage Association UK Annual Industry Report provides a comprehensive overview into the self storage sector.

The Self Storage Association UK Annual Industry Report examines how the industry performed in 2019 as well as in previous years, and considers the growth prospects for the sector in 2020.

The annual report covers all viewpoints of the industry; collecting data from operators representing a third of stores - just under half the storage space in the UK. The report also includes survey results and analysis from customers and the general public.

The findings reveal that annual turnover for the industry increased to £766 million in 2019, and although occupancy levels for the industry dipped marginally for the first time in 8 years by 1% to 76.2% in 2019, this was largely due to significant growth in supply as many new stores are not at full occupancy yet.

 

The UK accounts for approximately 41% of the European self storage market and has the most storage per person of any country in Europe. We estimate there are now approximately 1,900 self storage sites in the UK, offering around 49 million sq ft of space with an average store size of 25,700 sq ft.

 

Alongside the UK Self Storage Annual Report, we have provided access to an online dashboard External Link that allows you to further interrogate the data based on geography and other demographics. The dashboard provides additional data to the report, including historical data from the last 5 years, where available for comparison.

 

self storage uk

 

To find out more about the services we provide, please visit our self storage page.

 

Meet the Team

Joseph Fossett

Senior Valuation Data Analyst
London, United Kingdom


Joseph.Fossett@cushwake.com

Download VCard

RELATED SERVICES

Receivership and Recovery Solutions
A confident next step for your distressed property assets 

The environment for recovery services is constantly evolving. Our Receivership & Recovery Solutions team brings more than 20 years’ experience in providing strategic advice to lending institutions, insolvency practitioners, corporate and equity fund clients, for distressed property assets and challenged lending situations.  
LEARN MORE
Alternatives
Investing in the UK property market beyond the three main sectors: offices, retail and industrial – means diversifying into hotels, student living, retirement living, residential, healthcare, data centre, self-storage and automotive sectors.
Learn More
Valuation for Tax

Disposing of property can give rise to a tax liability in certain circumstances.

Learn More

INSIGHTS

Data Center Update Web Card
Research • Data Center

EMEA Data Centre MarketBeats | Autumn/Winter

Development continues across the core FLAP-D markets in ever-larger phases as companies continue their move off-premises and operators expand their data centres accordingly. Many of the hyperscale services have chosen to launch new products and expansions in these areas first, reflecting continued and potential demand over the next several years.
Dave Fanning • 16/12/2020
elderly gentleman's hand place over each other on walking stick
Insights • Residential

Should You Invest in the Retirement Living Sector?

As a needs-based product, senior living real estate has historically proven to be more recession-resilient and stable than traditional real estate sectors.
Lee Layton • 14/12/2020
Business Rates
Insights • Occupier

Let's Talk Business Rates

In this 'Let’s Talk Business Rates' edition we provide an overview of the key events impacting business rates including; rate relief and several potential options to reduce your business rates liability.
14/12/2020