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WhatStorage? Is the U.K’s largest online marketplace for Self Storage facilities.
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The UK Self Storage Industry
The UK Self Storage industry is one of the biggest in the world, coming second only to the US helped popularised with hit TV shows such as Storage Wars. Surprisingly, British residents rent 9 times more storage space than the Germans, and 4 times more than the French, causing a serious boom in the UK’s self-storage industry.
As stated by the property advisory company Cushman & Wakefield, the UK is now home to nearly 50% of Europe’s storage units with 42.2m sq. ft. of lettable self-storage space. Interestingly enough, the continuing increase in demand far exceeds the supply.
Just this past year, the UK saw an explosion in the self-storage sector with 24 new self-storage posts being opened – the highest number in any European country. Tenancy grew by approximately 3% in 2016, even with more self-storage units being built.
It is a well-known fact that storage space tends to be an issue for homes around the UK.…