Churn rate on self-storage area in the UK 2015 to 2021
The churn rate on self-storage in the United Kingdom gradually reduced from 131 percent to 1118 percent from 2015 to 2019 before dropping to 76 percent by 2021. This trend can be attributed to the increased occupancy rate on lettable self-storage in the same period.
The values of churn rate over time showing that more customers are retained by self-storage businesses could imply growth of the business. However, there is still more room for expansion as the extent of self-storage usage indicates that only a very small percentage of potential customers are using the self-storage services.
The values of churn rate over time showing that more customers are retained by self-storage businesses could imply growth of the business. However, there is still more room for expansion as the extent of self-storage usage indicates that only a very small percentage of potential customers are using the self-storage services.
