The self storage investment market has had a record-breaking 12-18 months

Whether you’re familiar with the self storage industry, or a new operator, the report is a useful reference for investors and operators to deepen their knowledge in a rapidly growing and dynamic market. Including an overview of the market’s trends, an opinion-led public survey, and results of an operator survey, it is an insight into understanding the public perception of self storage and gauging market awareness.

Self storage investment is on the rise!

Kuboid’s Key Findings:

  • There has been a 5.1% growth in stores in Europe and a 4.8% growth in storage space in the last 12 months
  • 77% of operators expect occupancy levels to rise in the next 12 months
  • 56% of operators decreased the level of discounts being made in 2021
  • 59% of operators are planning to raise rates significantly in the next 12 months
  • Over half of operators have an average occupancy of over 85%
  • While the UK remains the market leader in terms of stock, momentum for self storage is growing across continental Europe where the number of facilities has increased 70% over the past five years
  • Operators remain determined to expand their portfolios, even despite the escalating costs of construction and delays in the planning post-COVID
  • Although half of the operators indicate they have no interest in mixed-use, we are seeing continual growth in the number of mixed-used sites from those that are considering it. Mixed-use is being used by operators to diversify their income stream and use a secondary business to attract more traffic
  • Despite economic headwinds, operators are optimistic in their profit expectations for the coming year
  • Self storage is at a record-high occupancy rate, with many mature stores at optimal occupancy
  • An increasing number of enquiries coming via social media which have risen from 6% to 9% in the last year

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Source: FEDESSA

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