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

The 11th annual survey carried out by the Federation European Self Storage Associations (FEDESSA) has been released, indicating that despite the challenges faced throughout the past year (COVID-19 disruptions and economic headwinds), investor interest is on the rise, and the market continues to perform strongly.

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.

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

Download full report here