If you’re based in the United States, you will likely be very familiar with the self-storage industry. However, as outlined in this infographic 2Flow (http://www.2flow.ie/warehousing.html ), the industry is still very new in Europe. It is huge in America, with an amazing 163 storage units for every 1 million Americans and the United States actually makes up 90% of the market. It’s amazing that a self-storage facility requires only a 45% occupancy rate to break even.
In Europe, there are only 3.7 storage units for every million people, but this is likely to rise in the years to come. The UK is leading the way in this regard and is home to 47% of Europe’s self-storage sites but other markets will likely grow with increased urbanization and rising property prices. An important point is that because of increasing urbanization, the size of living areas has decreased so people don’t have room to store all of their stuff at home anymore. Find out more in the infographic. Are self-storage areas popular where you live?
-
Tips for Launching a Successful Liquidation Business
Starting any business can be daunting, let alone in an industry that’s as comprehens… -
How Good Leaders Cultivate High Performing Teams
By definition, a team is a group of individuals working together to achieve a goal. In th… -
Why Your Business Needs an App for 2019
We’re rounding the corner on 2018 and everyone is trying to wrap things up before the new …
Load More Related Articles
-
Are Fence Toppings Essential for Commercial Properties?
While taller fences are enough to deter intruders in some areas, there are situations and … -
Signs that your Core is Not Strong Enough
A strong and healthy core is absolutely essential for your posture and your health. When y… -
6 Things to do Before Moving to a New Office
Since the way we work has transformed irrevocably, more companies are looking into moving …
Load More By itsmyownway
-
High-Risk Tenants: How to Spot Them During the Screening Process
It’s no surprise that the economy is still trying to recover from the covid-19 lockd… -
Smart Investments With Precious Metals
Modern investors know that a few wise investment choices can make a world of difference in… -
Ways to Encourage Freelancers to Work with Your Small Business
You’d be hard-pressed to find a modern small business that doesn’t regularly work with fre…
Load More In Business
Comments are closed.
Check Also
Are Fence Toppings Essential for Commercial Properties?
While taller fences are enough to deter intruders in some areas, there are situations and …