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
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Churn rate
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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 August 24, 2024, from https://www.statista.com/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 August 24, 2024. https://www.statista.com/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: August 24, 2024. https://www.statista.com/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/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/statistics/1245010/churn-rate-self-storage-uk-united-kingdom/ (last visited August 24, 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/statistics/1245010/churn-rate-self-storage-uk-united-kingdom/