Analysis

Self-storage occupancy, rents and profitability on the rise

By 2018-05-02T12:14:00

Self storage sites to be acquired

The booming self-storage market is showing no sign of slowing as occupancy levels, rents and profitability all continue to grow, according to the Self Storage Association’s (SSA’s) annual report.

Average occupancy across the industry grew by 2.2 percentage points to reach 76.1% in 2017, having grown steadily from 62.7% in 2011.

Other key industry metrics are also positive, the report – which is produced in collaboration with Cushman & Wakefield – reveals. Average net rents rose by 2% in 2017 to hit a record high of £23.08/sq ft and average profitability across the sector increased by 5%.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Try Property Week For Free to finish this article.

Sign up now for the following benefits:

  • Unlimited access to Property Week
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article TRY FOR FREE NOW

Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.

Registered users and subscribers SIGN IN here to continue