FEDESSA European self storage annual survey 2020
The 2020 FEDESSA European self storage survey results provides investors, funders and operators with valuable insight into the self storage industry across Europe during this uncertain time.
This is the ninth annual survey carried out by the Federation of European Self Storage Associations (FEDESSA) amongst its member associations and their member operators. The report has been produced jointly with JLL for the sixth consecutive year.
Due to the extraordinary global events throughout the year we have asked some additional questions to get an insight into how the self storage sector in Europe has responded to lockdowns and the subsequent slowdown in economic activity.
The latest data shows that there are now 4,831 facilities across Europe, providing nearly 10.5 million square metres of self storage space. The six biggest markets in Europe; the UK, France, Spain, The Netherlands, Germany and Norway, have 78% of the market share of facilities and 84% of the total available floor space.
Country breakdown of self storage facilities and space
Among the key findings from the report, the average occupancy across Europe stayed broadly level with last year at 79%. Interestingly, when we look at the split of occupancy levels at February and June most countries saw an increase in occupancy levels and the average occupancy at June increased to 80%. An improvement in occupancy rates during the pandemic is evidence of the defensive nature of self storage.