The self storage industry, like many others, produces an annual report. This gives substantial insights into the sector.
According to the industry’s trade association, the rise of self storage facilities in the UK continues to grow. In 2016, the trade could boast approximately 37.6 million square feet worth of storage available. That’s a five per cent rise in the last twelve months alone.
Despite the additional capacity, the market for commercial flexible storage space remains buoyant. Meaning a number of the big suppliers have seen upturns in their revenue streams. This means that increasingly people are using self-storage as a preferred option. Demand has therefore driven expansion.
But who are these people?
One of the fascinating things about the self storage phenomenon in Britain is that the industry has maintained growth. Year-on-year, even through the global economic crisis, storage is in high demand.
For many people the convenience of self storage has become a part of their daily lives. Vast numbers of users of self storage facilities are hanging on to items and keepsakes. Perhaps waiting for a move to a larger home, or maybe just to pass down to future generations.
Given the self storage industry in the UK now occupies as much square footage as the entire UK McDonald’s restaurant space. So, home occupiers with insufficient storage space cannot be the entire story.
In fact, the industry refers to four principle groups of consumers using its services as the fours Ds. This is because a significant number of people who make use of self storage companies are doing so due to divorce, downsizing, death or dislocation. Relationship breakdown can be a traumatic experience, but finding somewhere suitable to live and move on to is not always easy given the much-reported housing crisis. Self storage simply fills the gap for many domestic items whilst people find a new place to live.
Equally, downsizing or moving to a new area for work, even if it is temporary, means that many people seek to hold on to their belongings in storage rather than put them up for sale or give them away. Perhaps they expect to return to them later?
Lastly, the death of a loved one can be problematic for some people to deal with in the immediate aftermath, so a temporary storage solution is sought to tide them over.
All manner of personal belongings go into self storage units as a result of the four D’s. They include things as diverse as clothing to personal collections and from bulky furniture to simple nick-nacks.
In addition to this group of people, one of the latest trends in the industry is among entrepreneurs who use self storage to keep their items for sale.
Rather than leasing an expensive office or business unit, self storage allows them flexibility and instant access in order to fulfil customer orders when needed.
Having said that, the industry has principally grown as a result of the changing nature of British society in the last couple of decades. More people than ever before live on their own without families. This means self storage will continue to have a place as their lives continue to evolve and change.
Furthermore, the size of modern day homes is shrinking with fewer storage options for renters and homeowners alike. Options like double garages and gardens that are large enough to accommodate storage sheds, are now less common. So, self storage units will continue to provide this requirement for several years to come.
If you need to find a provider of flexible business storage space, then why not contact a professional company like Flexspace? We have facilities across the country at very competitive rates.
Just call 0800 033 4444 and find out whether your next storage is nearer than you think!
You can rent a Flexspace unit for a minimum of 12 months all the way up to 10 years or more.
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Flexspace have helped me turn my little dream into a profitable reality! Being a small business owner looking for premises can sometimes be daunting but Loraine and the Flexspace team helped me with every step in finding the perfect solution for my business and I couldn’t be more grateful.
The team go above and beyond to look after their tenants and nothing is every too much trouble. Premises are clean, well maintained and I always feel extremely safe when I’m at work even on those dark winter nights! I have highly recommended Flexspace to fellow business owners – a hidden gem in Peterborough!
Our offices in Blackpool are easily accessible for the people we support, some of whom are in wheelchairs, there is a ramp to the entrance door and disabled facilities. Our offices are nicely decorated, comfortable and affordable.
Our Area Manager is very helpful and readily available should we have any queries or problems. The public areas are kept clean, safe and presentable. She goes over and above the call of duty for the clients.
I have enjoyed renting from Flexspace for the last 3 years and hopefully will be there for a good few years to come. Found the staff very helpful and easy to get on with.
Excellent service, the Centre team are happy to assist with meeting rooms at short notice. They ensure that repairs are carried out quickly. I needed several new sockets in my room and these were provided very quickly with no inconvenience to myself.
The staff are friendly, professional and knowledgeable and nothing is ever a problem.
Flexspace Dunfermline has had a big impact on the growth of my business over the last 3 years. Offering the ability to offer in-house training to clients with the use of the meeting room facilities. The team always ensure that the rooms are set up to the exact requirements I need to deliver the training to my clients. From equipment set up to the supply of refreshments to my delegates.
Having a dedicated team onsite that are always on hand to assist with anything from reception to administration is a real benefit to my business. The staff are always very approachable and nothing is ever too much for them when I ask for their assistance.
RDM Group has occupied buildings on the Bilton Industrial Estate for over 22 years and we have seen many owners in our time. In 2007 ‘Flexspace’ acquired the estate and through their resident manager, we have seen a dramatic improvement in the overall operation of the estate together with a continual investment and improvement program into the buildings, security and facilities which makes the estate an extremely good place for our company to be located.
Big thanks to you and Alan for your efficient handling of the whole process.
Many thanks for your support in our move into new office space, everything has been really smooth and easy even down to ensuring locks were changed and secure.
The facilities are excellent and spotlessly clean throughout and it’s so helpful for us to have access to additional rooms for booking for training events when we need it. We are so glad we made the move into a really pleasant and well maintained working environment.