Annual Industry Report

The Self Storage Association UK Annual Industry Report includes data collected from customers currently using self storage and for the fifth year running, the results of a YouGov Survey carried out among the public. All this, combined with our industry data, provides a comprehensive report into the UK self storage industry.

Thanks to the team at Cushman & Wakefield for completing the data analysis.  Thanks also to all the members who completed the annual survey, without their input we could not produce such a high quality report.

Download the report here

RESULTS INCLUDE:

  • Occupancy on current lettable space increased to 76.1% - up 3% from last year, and the UK average net rental rate increased to £23.08 per square foot per annum. 
  • Understanding of the product remains low; only 32% of people understood that only they have access to their unit, the same as last year. 
  • Over 60% of people surveyed could not name a single self storage brand in their local area.
  • 68% of self storage users travel 20 minutes or less to their unit. 
  • Net rental Rates in London are double the level of rates in the East Midlands or the North.
  • There are approximately 1,505 self storage sites in the UK offering approximately 44.6 million square feet of space.
  • Divorced or seperated people are more than twice as likely to use self storage than single people.
  • 71% of self storage customers are 40-69 years old.
  • Only 46% of the public have good awareness of self storage.

 

Previous reports for comparison can be downloaded here:

2017

2016

2015 

2013 - 2014

2012 - 2013

2011 - 2012

2010 - 2011

2009

2008

2006 - 2007

2005 - 2006

2004 - 2005