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Safestore outperforms but challenges may lie ahead

The self-storage market has proven more resilient than anticipated in the wake of the pandemic
January 14, 2021
  • Occupancy and average store rates have risen in Paris and UK
  • However, a potential downturn in the housing market could present a challenge to demand

It is not just those selling houses that stand to benefit from a surge in property transactions. Self-storage specialist Safestore (SAFE) outperformed analyst earnings expectations during 2020 as both occupancy and average store rates improved. 

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