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Self-storage market trends in Spain and Argentina
In Spain, the self-storage market has become the fourth largest in Europe by total surface area, with approximately two million square meters of assets. However, the country ranks among the lowest in Europe regarding availability per capita, providing only 0.040 square meters per inhabitant compared to the European average of 0.044 and the United Kingdom's 0.083.
Demographic shifts are driving demand in Spain, including the downsizing of households as the baby boomer generation approaches retirement. Projections suggest an increase in the number of households alongside a decrease in average household size, creating a need for external storage. Additionally, urban construction patterns in Spanish cities, which often lack the private space found in single-family homes, contribute to this demand.
In Buenos Aires, Argentina, storage services like Buenos Aires Guarda are addressing urban space limitations for both individuals and businesses. These services cater to various needs, including home renovations, moving transitions, professional equipment storage, and commercial inventory management.
Entities
Argentina · Buenos Aires · Buenos Aires Guarda · EY-Parthenon · Spain