London Self-Storage Sector Doubles Size, Private Builders’ Home Sales Drop 84%
CBRE research shows London’s self-storage sector has nearly doubled in size over the last decade, dedicating an area equivalent to Hyde Park to lock-up units. Annual new home sales by private builders plunged 84% between 2015 and 2025 as self-storage operators outbid housebuilders for land.
1. Self-Storage Expansion Data
London’s self-storage sector has nearly doubled in the past ten years, with space now equivalent to Hyde Park dedicated to lock-up units. Lifestyle-driven demand has risen 20% over two years as younger families seek off-site storage for belongings, home offices and small-business stock.
2. Impact on Housebuilding
New home sales by private construction firms in London fell 84% from 2015 to 2025, driven in part by self-storage developers securing land parcels. Storage operators bypass affordable housing obligations and leverage faster planning approvals to outcompete residential builders.
3. Funding and Development Pipeline
Private equity, pension funds and sovereign wealth investors are backing rapid self-storage growth in London. Attic Self Storage opened four units in 2025 and has three more planned under developments such as the Barratt project in Bermondsey.