Savills sees London self-storage pipeline absorbed on strong micro-market demand

• Savills forecast London self-storage development pipeline to lift supply by about 1.7 million sq ft, with new assets expected to be absorbed on strong micro-market demand.
• Supply remains uneven across boroughs, with MLA per capita ranging from 0.30 sq ft in Redbridge to 3.11 sq ft in Hounslow, driving localized risk around new openings.
• Undersupplied areas are set to see sharp step-ups in provision, including Barnet rising to 1.75 sq ft per capita from 1.17, Lambeth to 1.99 from 1.66.
• Camden faces heavier competitive pressure, with about 88,000 sq ft of pipeline equal to roughly 34% of current supply, while 75% of existing MLA is in first- or second-generation stores.
• Pricing reflects demand depth, with prime Zone 1 rents above GBP 75 per sq ft, Zone 2 above GBP 60, Zone 3 typically GBP 35-GBP 40.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Savills plc published the original content used to generate this news brief on May 07, 2026, and is solely responsible for the information contained therein.