Interesting facts about Self Storage in Australia
  • ·        The self storage industry beganfrom scratch in Australia in the late 1970s and today are more than 1,000 selfstorage facilities nationally with many being independent operations.
  • ·        The self storage industry grew byalmost 20% and it is far from a mature market. In the US, one in 10 householdsrent a self-storage unit while in Australia it is not yet even one in 25households. Yet this fast growing industry is more than a businessphenomenon-it is a social comment on our times
  • ·        According to a report (1 June2006) by Mintel Consulting and in collaboration with the Self StorageAssociation of the United Kingdom space available for rental in the USA is approximately1.6 billion rentable square feet (aprox: 148.65 square km), against 22 millionrentable square feet in Australia and around 20 million square feet in theUnited Kingdom. The report also states that there are around 41,000 facilitiesin the USA, 1,000 in Australia, around 700 in the United Kingdom and 220 inFrance
  • ·        A 2010 study on the demand for self storage inAustralia and New Zealand found that there was a 17 percent increase comparedto the previous years. The research that looked into the factors that ledpeople to use self storage also showed that half of the potential customerswould normally use the internet to look for an ideal facility.
  •         In addition, nearly 40 percent of customers had used the same facility before.The rate is 20.4 percent up from the 2008 figure. Majority or 87.7 percent alsoexpressed satisfaction over the service provided to them by their preferredfacility.
  • ·        Anotherstudy that focused on traffic patterns and parking requirements suggestedspecific rates for the different sizes of rental units. The research found thatthere's low traffic as there's really no peak time or day at any facility.Also, most sites were found to have no proper layout for automatic trafficcounters. Most sites were also found to be using the security gate system tocontrol the vehicles coming in and out of the sites. The issue identified herepertains to tailgating which the researchers claimed could be solved throughthe use of the so-called "door data."
With these facts presented, it'snoteworthy that the self storage sector in Australia is in a favorable state.