Kuboid inEurope
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 various challenging periods and turbulent economic times.
The continent itself has suffered from undersupply. Excluding the UK, there are almost 674 million people across Europe and approximately 7,670 self-storage facilities. The UK has a population of almost 70 million and over 2,900 self storage facilities. The top four countries, the UK, France, Spain and Germany account for 68% of stores and 75% of total space. The UK holds 34.5% of self storage space in Europe, followed by France with 15.2%, Germany with 13.6%, and Spain with 11.3%. Comparing these statistics to the USA there are 349 million people and approximately 52,000 self storage facilities.
The European market remains fragmented and remains a great investment opportunity for self storage. As private and institutional investment continues to flow in, the industry is expected to consolidate, raising both demand and returns. Growth is expected to continue over the next few years, giving investors lots of opportunities to earn stable returns.
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Kuboid have been delivering self storage excellence across the continent for more than 18 years.
European Self Storage
It is estimated that Europe has 10,571 self storage stores, with 17.7 million square metres of storage space. The top four countries are the UK, France, Spain and Germany. They account for 68% of stores and 75% of total space. The UK holds 34.5% of self storage space in Europe, followed by France with 15.2%, Germany with 13.6%, and Spain with 11.3%.
Revenue per square metre grows by 5.4% across Europe
European average occupancy down 0.8 percentage points
Debtors at 30 days increases to 1.6%
90% of self storage businesses actively using AI
4% point Increase in personal use customers
Increasing land costs of most concern to operators
70% of operators expect rates and occupancy to improve over next 12 months
Growth in remotely managed stores
Males have a higher awareness and understanding of self storage
European Self Storage
Revenue per square metre grows by 5.4% across Europe
Record high occupancy rates of 81.5% were achieved in 2021. It has since remained stable with a small decrease.
An additional €546M in advanced transactions is expected to close, possibly leading to a fifth year of record volumes.
Revenue per square metre grows by 5.4% across Europe
Revenue per square meter accrossEurope increased by 2% in 2024to €296.53
72%
of businesses expect profits to increase in the coming year.
92%
of businesses foresee no decline despite supply growth and economic uncertainty.
of survey respondents plan to implement AI in their businesses in 2024
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: Flexbox
Switzerland’s leading self storage provider partners with Kuboid for huge facility expansion. Read Flexbox case study.
Case Study: Bien Sûr
French operator chooses Kuboid over local alternatives to help with complex build. Read Bien Sûr case study.
