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Sign in Sign up for a FREE subscriptionDemand for self-storage remains high across Europe, presenting lucrative investment opportunities
A new report from the Federation of European Self Storage Associations (FEDESSA) and global real estate adviser CBRE indicates continued strong demand for self-storage across Europe, presenting a lucrative opportunity for investors and developers.
According to the report, Europe’s booming self-storage market currently spans 16.5 million square meters (177.6 million square feet) in gross area, a 67 percent increase since 2019. The research shows continuing positive sentiment for the industry with strong levels of revenue and a robust development pipeline. Despite a small drop in occupancy rates across the continent, rental returns increased by 2 percent on average to €296.53 per square meter (approximately $30 per square foot). Portugal, Spain, the Netherlands, Germany and Belgium all recorded increases of more than 5 percent indicating a high demand for self-storage in these regions.
Investor appetite in the self-storage market remains strong, with year-over-year i