U.K.-based self-storage operator Len Lothian U-Store could be poised to reap the benefits of a healthy housing and tourism market in Scotland’s capital of Edinburgh and the surrounding historic region known as the Lothians. A recent quarterly housing report from real estate website S1 Homes revealed Edinburgh had a 5 percent rise in home-sale prices, the largest increase in Scotland, according to the source. Len Lothian currently operates three self-storage facilities in the capital.
Rising home prices often coincide with an influx of residential move-ins, which can increase the need for personal self-storage, the source reported. In addition, the Lothians is Scotland’s most popular tourist destination, drawing scores of visitors into Edinburgh. The area’s popularity is an economic boost for businesses, particularly those serving tourism. As a result, businesses often need self-storage for excess inventory and document storage, as well as seasonal needs, according to the source.
Len Lothian’s storage space ranges from 25-square-foot units up to a 36,000-square-foot warehouse. In addition to Edinburgh, the company operates two facilities in Glasgow, Scotland.