Self-storage has been popular in the United States for a long time, but only recently has it grown in popularity in Europe. This infographic from 2Flow takes you through the rise of the self-storage industry in the United States and looks at how new it is to many parts of Europe. For example, there are 163 self-storage units for every 1 million Americans, but in Europe there are 3.7 storage units for every million people. The UK is home to 47% of these sites and warehouse space in the UK is already hot property.
There could certainly be an opportunity for anyone with a bit of spare cash for as a facility requires only a 45% occupancy rate to break even. This is incredible as when it’s half full you will start making money.
With rising property prices and increased urbanisation, demand for self-storage will only increase. With property prices so high, people generally live in much smaller spaces than they did even 10 years ago. There is no longer room for a garage to hold all the excess clutter and self-storage will likely be the solution to their problems. Find out more in the infographic below: