What do you need to consider when starting a self storage business in 2024?

As we reflect on the past year and step into 2024, it’s clear that the self storage industry has once again proven its resilience and growth potential. The UK self storage sector is expected to remain one of the most sought-after OPRE asset classes, and industry experts have proclaimed that investor interest will hit record highs in 2024.

“In 2024, we expect to see a number of high-profile deals announced, both in regional and core London markets.” – CBRE, 2024

With that in mind, more and more entrepreneurs and business owners are investing in self storage as an overall wealth-building strategy and to diversify their investment portfolio.

If you’re among those considering starting a self storage business this year, our team of experts have created a free personal guide that will help you through each process. From self storage facility design to building storage units to self storage doors, our guide will allow you to consider what’s next.

Speaking to industry experts will also provide you with valuable insights and expertise. This will help you make informed decisions, manage risk, and maximise the profitability of your investment.

Self Storage Facility Design

As self storage grows in popularity, so does interior aesthetics. The look and feel of a self storage business have not only evolved to meet consumers’ expectations but to also enhance user experience and incorporate technology advancements. Contemporary and modern design aesthetics are becoming more prevalent. Facilities are moving away from the traditional industrial look and are now incorporating sleek designs and vibrant colours to create a more inviting atmosphere.

Self storage facilities are also leveraging interior design to reinforce branding and to create a new identity, which all contributes to a more engaging and memorable customer experience!

If you want to visualise your dream self storage facility before you begin your self storage business journey, check out our unique interactive unit visualiser tool which gives you the ability to design your storage facilityand incorporate your brand colours.

The Self Storage Association UK

The Self Storage Association (SSA UK) was established in 1995 to represent the interests of both self storage operators and industry suppliers in the UK. For anyone who wants to start a self storage business in 2024, joining the association is crucial. The team guides best practices, operating principles, legal support, and will provide you with the latest industry data. You’ll also have exclusive access to some of the biggest self storage conferences in Europe!

If you would like more in-depth information on how to start a self storage business, self storage set-up, or self storage construction, contact Kuboid today.