The 15th annual industry report examines a range of data points and surveys of operators, customers and investors on the performance of the sector, and growth prospects for 2021.
Headlines include:
- Highest level of occupancy recorded at 82% since record began in 2004
- Industry turnover increases 16% annually to £890million as working from home drives people to make space for “home offices” by decluttering
- More than a third of domestic customers used self-storage for reasons associated with moving home
- Use of self-storage by small retailers sees greatest leap as online presence expands during pandemic
Furthermore, the UK makes up around 43% of the European self storage market and has the most storage per person of any country in Europe. The report estimates there are now just shy of 2,000 self storage ‘stores’ in the UK (1,997) operated by 998 brands in total. This amounts to 50.5 million square foot of storage space, or 0.74 square foot per head of population.
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.
Download the report to find out more about the self storage sector. If you would like to discuss any aspect of the report findings, please contact one of the team.
