This site is part of the Global Exhibitions Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 3099067.


U.K. Reports Self-Storage Industry Growth

Posted in News

The U.K. self-storage industry is continuing to grow despite the economic difficulties, according to a Mintel report commissioned by the U.K.'s Self Storage Association.

The number of self-storage sites has grown by more than 10 percent in the last year to 750 primary facilities, generating revenues of around £360m.

The growth in the amount of rental space available in 2008 remained consistent with the previous five years at around 8 percent. However, the market has further to grow, according to the report, as the U.K. market is not as mature as it is in the United States or Australia.

Awareness of self-storage is increasing as well due to wider trends such as family break-ups and downsizing. Nearly 50 percent of the population is now aware of the industry, up from 29 percent two years ago, the report said.


Continued Growth for Self Storage

Related Stories:

Financing in the U.K. Self-Storage Market

Big Yellow Director Lowers Stake

SelfStorageTalk.Com: International Storage

comments powered by Disqus