The churn rate on self-storage in the United Kingdom has gradually declined since 2015 when it was at its highest value of 131. In 2023, the churn rate stood at 98 percent, higher than the year before when it was 81 percent. This trend can be attributed to the increased occupancy rate on lettable self-storage in the same period. Though the occupancy rate in the country exceeded 75 percent, there is still more room for expansion as the extent of self-storage usage indicates only a very small percentage of potential customers use a self-storage service.
Churn rate on self-storage area in the United Kingdom (UK) from 2015 to 2023
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Cushman & Wakefield, & Self Storage Association (UK). (April 18, 2024). Churn rate on self-storage area in the United Kingdom (UK) from 2015 to 2023 [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1245010/churn-rate-self-storage-uk-united-kingdom/
Cushman & Wakefield, und Self Storage Association (UK). "Churn rate on self-storage area in the United Kingdom (UK) from 2015 to 2023." Chart. April 18, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1245010/churn-rate-self-storage-uk-united-kingdom/
Cushman & Wakefield, Self Storage Association (UK). (2024). Churn rate on self-storage area in the United Kingdom (UK) from 2015 to 2023. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1245010/churn-rate-self-storage-uk-united-kingdom/
Cushman & Wakefield, and Self Storage Association (UK). "Churn Rate on Self-storage Area in The United Kingdom (Uk) from 2015 to 2023." Statista, Statista Inc., 18 Apr 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1245010/churn-rate-self-storage-uk-united-kingdom/
Cushman & Wakefield & Self Storage Association (UK), Churn rate on self-storage area in the United Kingdom (UK) from 2015 to 2023 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1245010/churn-rate-self-storage-uk-united-kingdom/ (last visited November 10, 2024)
Churn rate on self-storage area in the United Kingdom (UK) from 2015 to 2023 [Graph], Cushman & Wakefield, & Self Storage Association (UK), April 18, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1245010/churn-rate-self-storage-uk-united-kingdom/
