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Self Storage Association of the United Kingdom Releases Annual Industry Report
The report includes data collected from operators, self-storage customers and the general public

June 3, 2021:  The Self Storage Association of the United Kingdom (SSA-UK), in association with real estate firm Cushman & Wakefield, has released its 2021 report. The report revealing key performance statistics regarding the local self-storage industry. Data collected from operators, self-storage customers and the general public used to create the report. 

The data was collected in January and February, with information based on the 2020 calendar year. Additional questions were added to learn about the impact of the COVID-19 pandemic on the industry.

The Key result of the report shows overall occupancy was 82.3%, up from 76.2% the previous year, with the average rental rate at ?23.94 per square foot per year. It also indicates 92% of customers were satisfied with the service from their storage provider, while 50% of the public has a good awareness of self-storage.

The data reveals storage customers’ preference for reserving a unit online over in-person dropped from 33% to 25% in 2020. In addition, only 17% of customers reported their usage or need for self-storage changed during the pandemic. 

Users can examine how the industry has performed in the last five years by checking the online dashboard provided by SSA UK. Users can categorize the data based on geography and other demographics.

SSA-UK Established in 1995, is the principal trade association representing self-storage operators and industry supplier members’ interests in the U.K. It has approximately 440 members.

Cushman & Wakefield founded in 1917, operates from 400 offices in 60 countries, has 53,000 employees and manages 4.1 billion square feet of commercial space. It offers consulting and appraisal, corporate services, debt and equity financing, investment banking, leasing, sales, and acquisitions. Headquartered in Chicago.


Source: https://www.insideselfstorage.com/united-kingdom/self-storage-association-united-kingdom-releases-annual-industry-report