European self-storage market continues rapid growth

European self-storage market continues rapid growth

Published at: 2017-12-05 10:30 | Author: CIJEurope.com
Demand for self-storage warehouses across Europe has been driven mainly by private individuals who have accounted for 73 percent of the take-up this year. In Spain, the UK and Ireland the volume is closer to 60 persent, while in Finland, Denmark and Sweden, the figure is nearly 80 percent, according to a report published by JLL and FEDESSA. “The most developed and mature market is the UK, where nearly 44 percent of Europe's existing facilities are located, followed by France and Spain which each account for an 11-percent share. The rising popularity of the market is reflected by the average occupancy rates, which in 2017 stood at 81 percent across Europe as a whole with the highest levels seen in Hungary, Ireland, Belgium and Denmark, where approximately 90 percent of stock was leased,” said Jan Jakub Zombirt, associate director of strategic consulting at JLL.

Similar Stories:

Panattoni to build 14,500 sqm for CTDI near Warsaw
Panattoni Europe has started the construction of Park Warsaw South. The logistics center  »
Accolade invests into its seventh industrial park in Poland
Accolade Group will develop three buildings totaling 75,000 sqm at Kielce Park. The Czech  »
CBRE acquires two distribution centers in Germany
CBRE Global Investors has acquired two distribution centers in Germany from the US-based d  »
Modern warehouse space in Poland up by 21%
Nearly 213,000 sqm of warehouse space was completed in Central Poland in the first three m  »
What would a successful year be for Panattoni Europe in the Czech Republic? For us, we   »
Romania’s logistics sector is expanding hand in hand with growing consumption and purcha   »
Less Mess Storage opened its fourth Warsaw self storage facility (called ‘stores’, in   »
Having developed 2.71 million square meters of space between 2014 and 2016, Panattoni Euro   »