Kuboid in
Europe

Delivering self storage excellence across the continent

The European self storage market continues to grow.

It is predicted to achieve a CAGR in excess of 4% over the next 5 years. The industry has proven itself to be very resilient and performed favourably throughout the recent pandemic and turbulent economic times.

The continent itself has suffered from undersupply. Excluding the UK, there are 680 million people across Europe and approximately 4,350 self-storage facilities. The UK has a population of 67 million and approximately 4,350 self storage facilities. Comparing these statistics to the USA there are 336 million people and approximately 50,000 self storage facilities.

The European market remains fragmented, with the top 10 operators controlling just 25% of those facilities.

As investment continues to flow in, the industry is expected to consolidate, raising profitability throughout. Growth is expected to continue over the next few years, giving investors lots of opportunities to earn stable returns.

Sources:

Kuboid have been delivering self storage excellence across the continent for more than 18 years.

European Self Storage

Europe's self storage market has 6,929 stores in operation, totalling 13.9 million sq m in gross area

2021 81.5%
2022 80.2%
2023 78.5%

Occupancy rates for current lettable space reached a record high of 81.5% in 2021 and there has been a slight decrease in 2023. However, we have seen an increase in the average rent per square metre.

Year-to-date investment volumes have reached circa €342m, with a strong pipeline of M&A activity across Europe expected in the full year

Average rent per square metrein Europe is €286up like for like from 2022

68%

of operators expecting increases in ocupancy

87%

of operators expecting improvements in profits

of stores are remotely managed

Source: European Self Storage Industry Report 2023

Kuboid is the preferred partner for many new and existing operators across the continent.

Experienced in delivering facilities across locations and of differing scales, our team of skilled design and build experts provide tailor-made solutions alongside localised industry knowledge, to ensure your facility is successfully delivered and without compromise. With a reputation for building strong relationships with our customers across various geographies, explore our case studies below to hear first-hand how we were able to exceed their delivery and service expectations.

Kuboid is the preferred partner for many new and existing operators across the continent.

Case Study: Boxx Opslag

BOXX chooses Kuboid for further nationwide expansion across the Netherlands. Read more

Case Study: Nesta Storage

Nesta and Kuboid continue partnership with delivery of fifth self storage facility in Ireland. Read more