The report, which is now based on 3 surveys – the industry operators, the general public and the customers – is the most comprehensive insight into the UK self storage industry ever produced.
Key results include:
- Occupancy increased from 73.1% in 2015 to 75.8%, and revenue per square foot has increased to £22.68.
- 84% of the public survey respondents said they have heard of self storage – down from 90% last year.
- Understanding of the product remains low; only 32% of people understood that only they have access to their unit, a marginal increase on last year.
- 70% of people surveyed could not name a single self storage brand.
- Over 70% of self storage users live within 20 minutes of their unit.
- Net rental Rates in London are double the level of rates in the East Midlands or the North.
- There are over 1,430 self storage sites in the UK offering approximately 42.2 million square feet of space.*
- Divorced or separated people are more than twice as likely to use self storage than single people.
Click here to download the SSA 2017 UK Annual Survey.
Rooks Rider Solicitors – Experts in self storage
At Rooks Rider Solicitors we are highly experienced and skilled in dealing with all legal issues related to self storage in the UK. This is for both service providers and individual clients using such facilities. Our legal team has an in-depth knowledge of the industry worldwide, and uses this to successfully resolve disputes for all our clients. Click here to find out more about our services to the Self Storage Industry.
