Self Storage

By offering a low rental cost per square foot and around-the-clock access to secure facilities, self-storage and managed storage quickly became popular with both residential and business customers.

The UK self-storage industry has experienced strong growth, particularly over the last decade. It is estimated that there are now over 2,900 self-storage sites in the UK, including container-based facilities, with a capacity of around 64.3 million square feet.^¹

Much of this growth is down to rising demand from both residential and business customers across the UK for cost-effective storage. Increasing residential demand has been driven by the booming housing market, the rise of working from home and the popularity of home improvements and DIY, all of which encourage consumers to use self-storage on both short- and long-term bases. The rise in small businesses and online shopping has led to an increase in business customers using self-storage to house their stock.

Self-storage can provide consistent income through the fees paid by tenants. Stable demand over the last few years has also contributed to increasing rates, reaching a UK average of over £29 per square foot.^¹