The self-storage industry has been a massive industry in the United States for a long time and it still makes up 90% of the global market. This infographic from 2Flow takes you through how the market is beginning to grow in Europe. However, the market is still in its infancy there with the UK being home to 47% of self-storage units in Europe.
From an investment point of view, it has incredible potential. One study showed that a self-storage facility only requires a 45% occupancy rate to break even. Moreover, not a large amount of staff is required to secure the facility.
Markets in Europe are still raw with only 10% of people in Poland knowing what self-storage even is. It is estimated that 16 million people will move to cities in the next 10 years and this will increase demand for residential and commercial buildings. This increase in urbanisation will mean less living space and an increased demand for self-storage space. People in years gone by could store everything in an attic or garage but this isn’t possible for the majority anymore. Find out more in the infographic.