We have developed Intellistorage, a tool that leverages data science and Geographic Information Systems (GIS) to assist self-storage companies in making informed decisions about new locations. This tool provides comprehensive insights into demographics, market demand and supply, competition, and available properties, enabling businesses to strategically plan their expansion.
The use case
Selecting an optimal location is crucial for the success of self-storage facilities. Traditional methods often rely on limited data and intuition, leading to suboptimal site selection. Our tool addresses this challenge by offering a data-driven approach, allowing companies to visualize and analyze multiple factors on an interactive map.
The industry landscape
The self-storage industry in the U.K. has experienced significant growth, with an 8.1% increase in storage space over the past year, totaling 60 million square feet in 2023. Globally, the market is valued at approximately USD 56.81 billion and is projected to grow at a CAGR of 5.9% from 2024 to 2030.
The solution
Our tool integrates demographic analysis, demand and supply metrics, competitive landscape, and property availability into a user-friendly map interface—reducing risk and improving operational efficiency for expansion decisions.