The UK housing crisis has led to a surge in self-storage demand, with people using units to store belongings as they downsize or move to smaller flats.
Rising home prices and rental costs are driving the need for storage solutions, especially in urban areas like London.
Self-storage is no longer just for moving or decluttering; it’s become a long-term solution for those priced out of larger homes.
Storage facilities in East London have seen increased use by families, students, and young professionals seeking extra space for furniture and personal items.
Image source: Moving Home Made Easy
Using self-storage facilities in London is a normal part of people’s lives
The UK housing crisis has sparked a boom in self-storage. People are turning to storage units as a solution to their space woes.
Increased use due to lack of affordable housing
The housing crisis has pushed many Brits to seek self-storage solutions. With rising property prices, individuals are increasingly unable to afford larger living spaces, leading them to downsize and store their excess belongings.
According to a Cushman & Wakefield survey, more people reported increasing their use of self-storage due to the cost of living crisis than those who said they used it less.
Renters face a similar problem. They often move to smaller flats to save money, but they still need somewhere to store their belongings.
According to a London storage facility manager, self-storage is the unsung hero of the housing crisis.
Storage units in East London have seen a surge in demand. Families, students, and young professionals all need extra space. They use these units to store furniture, seasonal items, and personal treasures.
The lack of affordable housing has turned self-storage into a necessity for many. It’s no longer just for people moving house or decluttering. It’s a long-term solution for those priced out of bigger homes.
Almost one-third of self-storage users are struggling with a lack of space for their belongings at home, because of the following reasons:
- No available space for belongings at the current residence
- Temporarily between homes during a move
- Creating extra space at home
- Storing items due to a significant life event
- Need for storage while decorating or renovating
- Moving to a new home with insufficient space
- Downsizing and requiring additional room
Note: The factors listed above are sorted by priority: highest to lowest.
Source: Cushman & Wakefield
Growth in rental prices driving storage needs
Rental prices in the UK are going through the roof, and it’s causing a storage craze. As flats get pricier, people are looking for clever ways to keep their stuff safe. With sky-high rents in London, we know that people are scrambling for extra space.
At Snappy, we are not only about personal storage options. We’ve also got room for business storage, too. IIt is indicative of the current climate, as many individuals are experiencing the pressures of the housing shortage. People are downsizing or placing their belongings in storage as they navigate their next steps.
That’s why Snappy Self Storage offers a unique mix of storage options. Our team knows that one size doesn’t fit all in this tricky market. As rental costs keep climbing, secure storage units in East London are becoming a hot commodity.
Units are reaching optimal occupancy levels
The housing shortage has led to a significant surge in self-storage demand across the UK. Individuals are increasingly relying on storage units as a practical solution when their living spaces become insufficient. This trend shows no signs of abating, particularly in high-density areas such as London.
As the search for affordable housing continues, facilities like Snappy Self Storage in East London are expected to remain in high demand. It is a reflection of the current challenges and represents an innovative response to a persistent issue.
Are you looking for a personal or business self-storage unit in East or South London? We’ve got you covered! Just fill in the form on this link to get the best offer from our agents!
