The UK Self Storage Annual Report 2024 revealed that there has been an 8.1% rise in the amount of self storage space in the UK, with the industry’s income exceeding £1 billion in 2023. There are several reasons why the self storage industry is booming.
There is a shortage of housing space, with people living in homes that are smaller than they would like. Many cannot afford to buy or rent larger accommodation but don’t want to get rid of the belongings that they are unable to keep at home. Self storage facilities provide a solution for this.
Many older people move to a smaller home after their children have moved out, but don’t want to get rid of all their possessions. Almost half (43%) of self storage users are between the ages of 50 to 64.
In many locations, storage space is cheaper than office space, making it ideal for storing archived files and other documents.
People are finding more uses for storage facilities than keeping possessions or business documents. Investors in antiques and collectables often keep their items in storage hoping that they will increase in value over time. Many online sellers use self storage to hold stock.
In recent years, there has been a growth in people working from home. Interestingly, 12% of self storage clients report that they are creating more space for home working.
If you require storage in Southport, St Helens or Liverpool, talk to us at Merseyside Movers & Storers about our secure storage services.
