Self storage is proving a popular investment

Over the years we have noticed that more and more people are turning to self storage to store their precious belongings, it doesn't matter how much space we have, there never seems enough space to store all the things we need to keep.  There has been an increase in people choosing to store their goods in designated storage spaces as opposed to their garages / sheds or industrial units.
In this blog we will be explaining the advantages of choosing self storage.
What’s changed over the years?
In the self storage industry there has been an increased in size by 1.3 million square feet in 2014, experts predict that there will be a similar growth in this sector for the future years.
In 2014 the turnover of this industry was estimated to be over £400 million because in the UK alone it’s estimated that there are more than 1,000 self storage facilities and with the way things are going at the moment this figure will start to increase steadily because of the demand for these facilities. With fashion moving towards apartment living in converted mills and the cost of housing ever increasing, storage facilities are needed now more than ever.

What’s happening now?
The average room rate across the UK is just under £21per square foot per annum, far exceeding the amounts that other forms of storage command.
More people are turning to self storage, but even now in 2016 more than half of the population of the UK have little or no knowledge of what self storage is. 

So what does this mean for people planning in investing in self storage:
It simply means there is a great deal of potential for further growth in this sector.The fact that there are such low running costsand staffing levels are minimal, means that it’s a very intriguing industry.
If you would like to know more about self storage, simply phone us on 01270 215 200