UK SELF STORAGE INDUSTRY REPORT 2023

A non-cost alternative remains the largest competitor to the industry as a whole.

For now, customers continue to prefer to contact a store in person when booking rather than using online means. The preference for or the ability to visit a store dropped during the pandemic and has increased in the following years but not to pre-pandemic levels. App usage remains low but continues to grow, while there remains little interest in social media. The preference to contact a store through phone or in person, could be linked to a poor understanding of the product. Customers would prefer to speak to someone to ensure they have the right size and understand the process. This is interesting as remotely managed sites with limited staff are beginning to emerge, encouraging customers to complete the entire sign-up process online. WHEN MAKING AN ENQUIRY ABOUT RENTING A SELF STORAGE UNIT HOWWOULD YOU PREFER TO CONTACT A STORE? 0.5 % CONTACT THE STORAGE CENTRE USING SOCIAL MEDIA 3.5 % CONTACT THE STORAGE CENTRE USING ONLINE CHAT

SELF STORAGE

So called ‘disruptors to the industry’ of paying someone else to store your goods or having units delivered to you continue to have minimal impact on the industry with few customers considering them as a viable option compared with self storage.

ANNUAL REPORT 2023

OTHER OPTIONS CONSIDERED?

55 % ANOTHER SELF

STORAGE PROVIDER

12 % RENTING A GARAGE IN THE AREA 16 % A FREE ALTERNATIVE e.g. PARENT’S GARAGE, FRIEND’S HOUSE, etc. 7 % STORAGE WITH A REMOVALS COMPANY

37.3 % CONTACT THE STORAGE CENTRE DIRECTLY BY PHONE 36.2 % CONTACT THE STORAGE CENTRE DIRECTLY BY VISITING 1.6 % CONTACT THE SELF STORAGE FACILITY USING AN APP

4 %

PAYING TO STORE YOUR GOODS IN SOMEONE ELSE HOUSE OR PROPERTY

20.9 % CONTACT THE STORAGE CENTRE THROUGH EMAIL

3 % RENTING A WAREHOUSE IN THE AREA 2 % MOBILE SELF STORAGE WHERE A UNIT OR BOX IS DELIVERED TO YOU

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