The Self-Storage Association of the United Kingdom (SSA-UK), in association with Drivers Jonas Deloitte, has released its 2011 report revealing key performance statistics regarding the local self-storage industry. Factors measured include average length of stay, average rental rate and revenue. The report also includes an industry outlook for the year ahead.
The survey, now in its fifth consecutive year, collects data from SSA-UK members. Drivers Jonas Deloitte was commissioned to produce a report based on the responses as well as its own analysis of factors relevant to U.K. self-storage operators. Responses were gathered from 82 separate companies and 440 self-storage facilities. Data relates to facility performance as of Dec. 31, 2010.
Drivers Jonas Deloitte estimates there are 800 self-storage facilities in the United Kingdom, with 36 percent owned by the largest operators.
According to the report, the U.K. self-storage market has weathered the recession intact and is looking forward to a period of steady growth. Respondent confidence has improved since 2010, with many operators expecting to raise rental rates and avoid customer incentives during 2011. The data also shows increased lengths of stay at self-storage locations and increased rental rates from last year.
The report also addresses development activity and trends, customer behavior, operating revenue and more. An executive summary can be round at http://www.djdeloitte.co.uk/?doc=41975. A complete copy of the report can be purchased by submitting an inquiry at https://www.deloitte.co.uk/selfstorage/index.cfm. The cost is £50 for SSA-UK members and £120 for non-members.
Drivers Jonas Deloitte is a trading name of Deloitte LLP, the United Kingdom member firm of Deloitte Touche Tohmatsu Ltd. Based in the United Kingdom and Europe, the firm specializes in property consultancy, transaction and advisory services.