Search

Self-storage occupancy, rents and profitability on the rise

As reported in Property Week 2nd May 2018


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%.


Jeremy Nokes of UStore ''I am not too sure how they work out their 'average rents' and exactly what they do and do not include such as contents insurance, VAT, padlocks etc, but at UStore we can report that our occupancy rates are above the national average and indeed our prices are roughly in line. We regularly price check our rents against our local competitors, so hopefully we remain competitive and with a very personal service on top''

Recent Posts

See All

Prickly Customers !!!

We all have them but…………..........these ones are the friendly type UStore Sandhurst are pleased to offer support and help in a small way to ‘The Happy Hedgehog Rescue’ ''Never thought I'd hear the wor

It’s official...We are a nation of storers !

Self storage is on the up, there are many reasons why we might need to use self storage. It could be due to moving house, working away or maybe just running out of space at home. Whatever the reason,

CONTACT US

Call Michael

01252 877777

UStore Sandhurst

3 Vulcan Way

SANDHURST

Berkshire

GU47 9DB

SELF STORAGE SANDHURST | YATELEY | CROWTHORNE | BLACKWATER