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Self Storage Annual Report 2016 in conjunction with SSA UK
The Self Storage Association UK Annual Report covers economic and real estate overviews, highlighting trends and survey results from the self-storage industry. Key insights include an economic forecast, changes in rental rates across regions, and brand awareness statistics among consumers. The report emphasizes increasing occupancy rates, rising rental rates, and a general optimism in business confidence within the industry.
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Self Storage Annual Report 2016 in conjunction with SSA UK
- 1. THE SELF STORAGEASSOCIATION UK ANNUAL REPORT
- 2. Agenda 1) Economic Overview 2)Real Estate Overview 3) 2015 Highlights 4) Demand Study 5) Members Survey 6) Summary
- 3.
- 4. Cushman & Wakefield| SSA UK ECONOMIC SUMMARY ECONOMIC INDICATORS* 2014 2015E 2016F 2017F 2018F GDP growth 2.9 2.3 2.1 2.3 2.2 Consumer spending 2.6 2.8 2.5 2.1 1.9 Industrial production 1.3 1.0 -0.1 1.2 1.0 Fixed Investment 7.3 4.1 3.4 5.6 4.2 Unemployment rate ILO (%) 6.2 5.4 5.1 5.0 5.0 CPI Inflation 1.5 0.1 0.5 1.4 1.8 Exchange Rate (US$ per £) 1.65 1.53 1.39 1.44 1.48 Exchange Rate (Euro per £) 1.24 1.38 1.30 1.35 1.36 Short-Term Interest Rates (%) 0.5 0.6 0.6 0.8 1.3 Long-Term Interest Rates (%) 2.6 1.9 1.7 2.3 2.8 Annual percentage changes unless specified Source: Oxford Economics
- 5. Cushman & Wakefield| SSA UK ECONOMIC BACKDROP Residential Property Transactions
- 6.
- 7. Cushman & Wakefield| SSA UK YIELDS
- 8. Cushman & Wakefield| SSA UK REAL ESTATE MARKET
- 9.
- 10. Cushman & Wakefield| SSA UK The year in highlights
- 11. Cushman & Wakefield| SSA UK The year in highlights
- 12. Cushman & Wakefield| SSA UK The year in highlights
- 13. Cushman & Wakefield| SSA UK The year in highlights
- 14.
- 15. Cushman & Wakefield| SSA UK SELF STORAGE AWARENESS
- 16. Cushman & Wakefield| SSA UK SELF STORAGE - UNDERSTANDING
- 17. Cushman & Wakefield| SSA UK NATIONAL UNPROMPTED BRAND AWARENESS 66% DON’T KNOW 23% BIGYELLOW/Y ELLOW BOX/YELLOW 9% OTHER EXISTING BRANDS COMBINED 3% SAFESTORE 2% SELFSTORE? 1% ACCESS 1% SHURGARD 1% LOCK AND STORE Don’t Know 66% Big Yellow/Yellow Box/Yellow 23% Other Brands Combined 9% Safestore 3% Self Store (Not a brand) 2% Access 1% Shurgard 1% Lock and Store 1%
- 18. Cushman & Wakefield| SSA UK LONDON UMPROMPTED BRAND AWARENESS 42% Don’t Know 49% Big Yellow/Yellow Box/Yellow 8% Other 6% Safestore 5% Shurgard 5% Self Store 4% Access 2% Lock and Store Big Yellow/Yellow Box/Yellow 49% Don’t Know 42% Other 8% Safestore 6% Shurgard 5% Self Store 5% Access 4% Lock and Store 2%
- 19. Cushman & Wakefield| SSA UK DRIVERS OF RECOGNITION
- 20. Cushman & Wakefield| SSA UK ENQUIRIES PATHWAY
- 21. Cushman & Wakefield| SSA UK CONTACTING A STORE
- 22. Cushman & Wakefield| SSA UK REGIONAL PRICE AWARENESS UK LONDON SOUTH NORTH Indicative average net monthly rental rate for a 90 sq. ft. unit 168 222.26 163.74 117.84 Don’t know + below or at the actual rate range 88% 92% 87% 82% Within actual rate range 5% 2% 4% 10% Above actual rate range 7% 6% 9% 9%
- 23.
- 24. Cushman & Wakefield| SSA UK STORES BY SIZE (MLA) INDUSTRY OVERVIEW
- 25. Cushman & Wakefield| SSA UK OCCUPANCY ON SURVEY RESULTS 64% 63% 67% 69% 70% 73% 56% 58% 60% 62% 64% 66% 68% 70% 72% 74% 2010 2011 2012 2013 2014 2015 OCCUPANCY RATE ON CLA FROM PREVIOUS SURVEY DATA
- 26. NET RENTAL RATESINCREASE TO £22.15 PER SQUARE FOOT PER ANNUM. THE HIGHEST LEVEL SINCE THE STUDY BEGAN IN 2006. £22.15
- 27. Cushman & Wakefield| SSA UK RENTAL RATES NET RENTAL RATES £ PER SQ FT PA
- 28. Cushman & Wakefield| SSA UK RENTAL RATES NET RENTAL RATES £ PER SQ FT PA 2015 London 29.28 South East 21.88 East of England 21.33 South West 18.51 Scotland 18.29 Yorkshire & The Humber 17.18 West Midlands & Wales 16.18 North 15.93 East Midlands 15.05 UK Average 22.15
- 29. Cushman & Wakefield| SSA UK RENTAL RATES DISPOSABLE INCOME PER CAPITA V AVERAGE RENTAL RATE
- 30. Cushman & Wakefield| SSA UK OTHER OPERATING METRICS OPERATING EXPENSES Staff costs 24.1% Rates and taxes 23.6% Management costs 20.0% Other expenses 6.4% Online marketing 9.3% Repairs and maintenance 4.8% Utilities 8.2% Insurance 2.3% Other Marketing 1.6% Merchandise 3.9%
- 31. Cushman & Wakefield| SSA UK BUSINESS CONFIDENCE OPTIMISM REGARDING PROFITS
- 32. Cushman & Wakefield| SSA UK BUSINESS CONFIDENCE EXPECTATIONS FOR EMPTY ROOM RATES OVER THE YEAR
- 33. Cushman & Wakefield| SSA UK BUSINESS CONFIDENCE SITES TO DEVELOP
- 34.
- 35. Oliver Close Partner Jagruti Joshi Associate PaulaViner Marketing Director Sam Gadar Surveyor Rennie Schafer Chief Executive Officer Bryony Caswell Membership Services Officer Tracey Prigmore Administration Officer
- 36. Cushman & Wakefield| SSA UK