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SSA UK Declares the Annual Industry Survey Results
The annual survey results for the self storage industry in UK was launched yesterday in London.
Below is a summary of key findings:
Occupancy increased from 73.1% in 2015 to 75.8% in 2016 on current lettable space.
UK average net rental rate increased to £22.68 psf per annum (The highest since the study began in 2006)
65% of self storage customers are aged between 40 and 65 and 81% aged between 35 and 70
Roadside visibility remains the main driver for store awareness.
Occupancy growth indicates that demand is growing faster than supply.
Over 70% of self storage users live within 20 minutes of their unit.
11% of self storage users currently rent more than one unit.
The UK has 47% of the European self storage market.
Divorced or separated people are more than twice as likely to use self storage than single people.
70% of people could not name a storage brand.
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