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UK self-storage market hits £1.2B, driven by housing costs and mobility, with South West seeing fastest growth.
The UK self-storage market has exceeded £1.2 billion annually, fueled by rising house prices, smaller homes, and increased mobility, with the South West leading growth.
Bristol, Exeter, and Bath are top users, while towns like Portsmouth and Truro see sharp demand increases, including Truro’s first orders.
The market grew 7% year-on-year, with demand expected to rise 5-6% annually.
Usage varies: extra-large boxes in Bristol and Bath reflect major life changes, while Exeter’s larger boxes suggest short-term needs like home offices.
Despite 50% of adults being aware of storage, only 10% plan to use it, and the UK still lags behind the U.S. in per capita capacity.
The Box Co. is offering a 10% South West discount until March to support demand, which is projected to keep rising through 2026.
El mercado de auto almacenamiento del Reino Unido alcanza los 1.200 millones de libras esterlinas, impulsado por los costos de la vivienda y la movilidad, con el Sur Oeste experimentando el crecimiento más rápido.