Mark White comments in Property Week on the rising demand for self-storage assets
min readSelf‑storage operator Space Station has opened its 19th UK facility in Stafford, redeveloping the historic former Bull Hill Electricity Works. The new site spans more than 55,000 sq ft and adds to the operator’s growing portfolio across London, Birmingham, Berkshire, Shropshire and Northamptonshire.
The expansion reflects continued growth in demand for self‑storage, driven by increasing urban density and the reduction in living space, particularly within the rented residential market. As households and businesses adapt to smaller and more flexible environments, demand for external storage solutions continues to rise.
Self‑storage has also demonstrated resilience as an asset class during challenging market conditions. Demand can be counter‑cyclical, making it attractive in periods of economic uncertainty, while its localised nature allows operators and investors to tailor strategies to specific cities or regions. Technological advances are further supporting the sector, enabling more efficient, “labour‑light” operating models that improve service delivery and help reduce running costs.
Mark White, Partner in our Real Estate team, comments in Property Week:
Flexible self-storage is a great way to manage [space constraints], in addition to the more traditional usage requirements when moving, downsizing or renovating. There’s also a real need for extra space from smaller businesses and many forward thinking operators are trying to build in flexible work offerings to their new developments.
Read the full article in Property Week here.
