Cushman & Wakefield release their inaugural Self Storage Performance Indicators (SSPI) series, which tracks the performance of the major self storage markets across Australia and New Zealand.

Linda Sharkey, Cushman & Wakefield's Divisional Director of Self Storage ANZ, VA Valuation Services said the Self Storage Performance Indicator (SSPI) series was created to monitor the performance of the market in major cities across Australia and New Zealand by analysing the trading data of 280 established self storage facilities at six monthly intervals, commencing in March 2020 (pre-covid). As the sector grows, SSPI has the ability to expand to remain relevant in a maturing self storage market.

“The September 2022 results demonstrate continued strong revenue growth, with a return to stabilised growth anticipated into 2023 on the back of reduced discretionary spend, a softer housing market and increased new self storage supply.

Hugh Davies, Cushman & Wakefield's Associate Director, VA Valuation Services said “The strength of the self storage sector throughout the pandemic has been remarkable. Markets such as Perth and Brisbane have seen incredible growth with RevPAM increasing 72% and 43% respectively since March 2020”. 

Please contact either of the below Cushman & Wakefield contacts for a copy of the inaugural Self Storage Performance Indicators (SSPI) series