UK Self-Storage Annual Industry Report 2020

The UK Self-Storage Annual Industry Report gives our self-storage customers great insights into how well the industry is performing and the growth prospects for the following year.

Cushman & Wakefield launched the UK Self-Storage Annual Industry Report last month in Partnership with SSA. The report touches on the effect of the coronavirus and how successful self-storage companies will ride out the pandemic.

Key results from the UK Self-Storage Annual Industry Report

The report includes some key findings which will be extremely useful for our self-storage customers moving forward, including: 

  • Occupancy on current lettable space is 76.2% down from 77.2% last year.
  • The UK average net rental rate is £22.82 per square foot per annum
  • 91% of customers are satisfied with the service from their self storage provider
  • 48% of the public have a good awareness of self storage
  • Divorced or separated people are twice as likely to use self storage
  • 32% of self storage customers are involved in moving house
  • 41% of self storage customers have used self storage previously
  • 72% of businesses that use self storage have less than 10 staff

These results give great insight into the end-users motivation for using self-storage and can help our customers to target their messaging and marketing.

You can read the full report here.