Divorce and the self storage industry

August 11, 2014

It’s been no secret that over the last few decades, we have seen a high level of divorce rates in the UK and abroad. It’s amazing that despite the broad publication of divorce, we still aren’t made completely aware of what we should prepare for in the case of a relationship breakdown.

It is time, to be honest about the demand source that is growing the need for divorce storage. These life changes to marriages and de-facto relationships are causing a higher demand for divorce storage, and downsizing the ‘relationship inventory’ is usually one of the top priorities. If you or someone that you know faces this scenario, will you be putting things into self-storage due to an unforeseen divorce?

Straight talk about the cold hard facts that lead to divorce storage.

It is time for us to be honest about staying organised during a divorce. They never tell you how to handle the relationship breakdown and ‘good riddance’ is the only thing on both parties’ minds. A clear path whilst in the transition to move forward with your life and your belongings should be carefully considered.

With this trend in mind, there has been a growing interest in this sector amongst investors. Recent research from the UK Annual survey shows that UK household customers spend approximately £385 million on self-storage. Lok’nStore has recorded 0.1% of their total customers cited divorce or separation as their primary storage motivators. Hence the self-storage sector growing its market by targeting the divorce demographic.

Lok’nStore’s self-storage sales director Neil Newman has also stated the following.

“There have been lots of articles in the press about the divorce rate dropping during the recession. I am sure as the economy recovers; the divorce rate will pick up again and so will demand for self storage as a result. At Lok’nStore we are here to take the stress out of moving your possessions during the emotive times in your life – we are the Big Friendly Storage Company and we can help”

Divorce is a tough time, but the self-storage services offered during this period of transition during the relationship breakdown can offer solutions that arise from this situation. If the historical trends are anything to go by, the industry economists, self-storage industry, and investors can bank on a steady revenue and business growth stream from the divorce niche over the coming years.

Posted in: Self-storage