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U.K. Self-Storage Industry Resilient in Recession

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  • U.K. Self-Storage Industry Resilient in Recession

    Self-storage as an industry has grown rapidly in the past decade in the U.K. It makes sense -- the U.K. is a much smaller country than the U.S., Canada or Australia and yet is much more densely populated.

    Even with the global recession, the U.K. is poised for a quick rebound.

    Read this interesting ISS article from Tim Edghill. Here's an excerpt:

    "Like all real estate-centric business markets, the U.K. self-storage sector has felt the impact of the global recession and the significant retrenchment of the housing market. However, the industry has shown positive signs and exhibits strong economic fundamentals. Indeed, itís possible that self-storage in the United Kingdom will emerge stronger from the slump, with most operators seeking to expand. ...

    "Comparing U.K. self-storage to the larger U.S. and Australia markets, the United Kingdom has the lowest supply of storage space per capita, yet the highest population density by far."
    John Carlisle
    Community Manager Emeritus
    Still a Big Fan of Self-Storage!
    www.chicagoprowriter.com

  • #2
    UK Storage companies planning to expand

    I thought the article was very interesting, "more than 40 percent planning to open new stores in the next year" wow, that's a lot. I know that people on the forum have commented about the UK being densely populated and smaller than the US, Australia etc but that also causes problems. Finding land or suitable buildings is a problem and property companies banking land for design and build only projects doesn't help.

    Comment


    • #3
      Originally posted by UK Storage View Post
      Finding land or suitable buildings is a problem and property companies banking land for design and build only projects doesn't help.
      That makes sense. No doubt you face unique challenges in this industry depending on where you are.
      John Carlisle
      Community Manager Emeritus
      Still a Big Fan of Self-Storage!
      www.chicagoprowriter.com

      Comment

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