The Romanian self-storage market has reached a leasable area of 25,000 sqm in 2022, which was just 0.2% of the total European market, according to real estate consultancy CBRE.
Locally, 43% of the self-storage units are leased by individuals, while the rest is covered by corporate clients.
At the same time, the self-storage average rent in Romania is €126 per sqm per year, the second cheapest rent in Europe after Latvia with €96/sqm/year, while the average rent in Europe is €290 euros/sqm/year.
"Being a storage alternative with numerous benefits for both companies and individuals, we estimate that the demand for self-storage services will have a spectacular evolution. Events in the last two years impacted positively the self-storage market, events that contributed to its growth and dynamic forecasted evolution,” says Daniela Gavril, Head of Research at CBRE Romania.
The self-storage market all over Europe has had a record 2021 year, as total investment volumes reached €650 million, which was up 3.5 times more than in 2020. In the past five years, the number of facilities has increased by 70%, amounting to over 5,400 facilities with approximately 11.5 million sqm of lettable floor space in all European countries. With almost 40% market share, the United Kingdom is the market leader in terms of stock, followed by France and Spain.
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