The UK self-storage industry has produced the most comprehensive insight into self-storage trends ever. The SSA UK / Cushman & Wakefield Annual Survey combines data from industry operators, customers and the general public, the report details trends in both supply and demand for self-storage in the UK. This document is essential reading for anyone investing, owning, operating or considering entering the self-storage industry in the UK. With over a third of stores in the UK completing the survey, representing almost half the storage space, the sample size is exceptionally robust.
Results from 2017, show:
- The industry enjoyed a year of healthy growth, with occupancy levels increasing by 3% to 76.1%.
- Rental rates across the UK also increased to £23.08 per sq ft. with the South East experiencing the most significant increase.
- 70 new self-storage facilities were opened in 2017 in the UK and 2.4 million square feet of space was added to the industry overall (now 44.6 million square feet total).
- The UK’s self-storage industry is flourishing – with UK continuing to be the largest market in Europe.