People seeking to put items into self-storage are set to have more choice but higher prices as demand for the industry’s services continue to rise.
Lok’nStore, a leading provider of storage units to business and household customers, said yesterday that its pricing per square foot of occupied space, a key industry metric, had risen by 6.8 per cent in the year to the end of July. Total self-storage revenue at the Aim-listed group was 5.3 per cent higher, while revenue at established units open for at least one year rose by 12.1 per cent.
Trading at new locations in Bedford and Peterborough was described as “very good” as the total number of stores in its portfolio reached 42. It is on track to open three
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