In the last three years we’ve seen a significant shift in the average size of homes across the UK. Whilst large scale Victorian homes are segmented into tiny flats, new builds are shrinking fast with the average new home in England reaching only 92% of the recommended minimum size. As a result of this trend and other contributing factors such as the rise in individuals opening online stores, more and more people are seeking out self-storage facilities as an additional resource to store their belongings or make a profit.
Supply and demand couldn’t be a more resonate phrase in the current storage market, as over the last 13 years self-storage companies have risen by a huge 113% and according to the UK Self Storage Association over 250,000 people are utilising the service across the UK. These figures are not surprising when considering the finding’s from a recent survey by The Royal Institute of British Architects (Riba) which revealed that 47% (58% of fully occupied homes) said there was not enough space for furniture they owned or would like to own.
Furthermore, in 2010 the Office of National Statistics also reported a 5% rise in the number of UK divorces which of course prompts a need for couples to part ways and downsize – a difficult feat in the ‘shoebox’ box homes dominating the new build market.
Spaces and Places are truly seeing the benefits of these trends and what is even more interesting and perhaps more positive than the above contributing factors, is the impact that ecommerce is having on the storage industry.
Tim Churchill, Owner of Spaces and Places Ltd, is seeing these effects first hand:
“Over the last couple of years we’ve seen a significant increase in the number of customers coming to us for help when setting up online stores. So many people are now making a living out of setting up online stores on sites such as eBay and Amazon – of course they need somewhere to put their stock, which is where we come in.”
So, whilst houses are decreasing in size, Britain’s entrepreneurs are on the rise thanks to ecommerce and storage suppliers.
Notes to editors:
Spaces and Places offer high quality, safe and secure storage solutions for both commercial and personal use across the UK in Nuneaton, Winsford and Manchester. With an excellent reputation for customer service, Spaces and Places are one of the UK’s leading providers in self-storage.
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