Big Yellow still focused on optimisation

Big Yellow still focused on optimisation

Big Yellow (BYG) executive chairman Nicholas Vetch called increasing occupancy to 90 per cent the “core objective” for the self-storage specialist. The target rate was increased midway through FY2018, as higher occupancy levels support rental rates – basic supply and demand. Indeed, like-for-like occupancy increased by 3.9 percentage points to 81.9 per cent, which underpinned 0.8 per cent growth in the average rental rate per square foot (sq ft).

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