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.

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