Market Share of Scandinavia Self-Storage Industry
The Scandinavia Self-Storage Market industry is fragmented, with smaller autonomous operators owning and managing most facilities. The market consists of many significant players, in terms of demand, few of these members currently dominate the market. These operatives are consistently producing new storage buildings across the region. Also, the organizations are making direct investments in self-storage real estate assets through joint ventures or partnerships. The growth in this industry is anticipated to be positive, during the forecast period, due to the trends of progressed urbanization and updated economic outlook, across Scandinavia, which has led to further business growth.
- December 2022- Shurgard announced the acquisition of three facilities from Instorage in Sweden, strengthening its leading position in rentable space in this market and Europe. The three facilities currently have a combined net rentable space of c. 13,000 Sqm or c. 2,100 units and the occupancy is c. 40%, and the stabilized yield on this acquisition is expected to be around 8 %.
- April 2022- Self Storage Group ASA agreed with Mittegetlokale AS to acquire a property under development in Porsgrunn, Norway. The transaction value of the property is NOK 17.8 million. The under-development property has a potential lettable area of 1500 sq. m. The storage facility is projected to open in the first quarter of 2023 and will be operated under the City Self Storage brand.
Scandinavia Self-Storage Market Leaders
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Self-Storage Group
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Shurgard Self Storage
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Pelican Self Storage
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24Storage
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Servistore
*Disclaimer: Major Players sorted in no particular order
