Australia Self Storage Market

Australia Self Storage Market Overview:

The Australia self storage market size reached USD 1,202.0 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,848.8 Million by 2033, exhibiting a growth rate (CAGR) of 4.90% during 2025-2033. Rising urban density, shrinking home sizes, frequent housing transitions, e-commerce expansion, changing apartment living trends, regional migration, and downsizing among older adults are some of the factors fostering the market growth.

Australia Self Storage Market Trends:

Urban Density and Residential Downsizing

The growing urban population in major cities such as Sydney, Melbourne, and Brisbane has led to increased urban density, reducing the average dwelling size, which is one of the key factors supporting the Australia self storage market growth. In 2023, approximately 86.6% of Australia's population resided in urban areas, which translates to around 23.1 million people. As new residential developments focus on high-rise apartments and compact homes, the available in-unit storage space has diminished considerably. Self-storage facilities offer a practical option for residents to store seasonal items, recreational equipment, archived documents, and other infrequently used possessions. Developers are also marketing smaller apartments with the assumption that residents will supplement their storage needs externally. This structural shift in residential planning, combined with rising urban living costs, is creating a sustained demand for flexible storage solutions within close proximity to residential hubs. Apart from this, operators are increasingly targeting urban areas with high population density for facility expansion, offering convenient, secure, and easily accessible units tailored to the evolving housing landscape.

Housing Market Volatility and Transitional Living

Fluctuations in the housing market are contributing to a growing trend of transitional living, which in turn boosts the need for temporary storage solutions. The rising property prices, changing interest rates, and shifting employment patterns have compelled individuals and families to frequently relocate, downsize, or rent for interim periods, which has further surged the demand for self-storage as an essential service, enabling customers to securely store belongings while awaiting more permanent housing arrangements. Additionally, self-storage acts as a buffer for households facing delays in settlement or renovation schedules. In line with this, facility operators are responding with tailored services including flexible lease terms, 24/7 access, and digital management tools to accommodate mobile lifestyles, reinforcing the sector’s role as a dependable support mechanism amid housing uncertainty, which is further boosting the Australia self storage market share.

E-commerce Growth and Small Business Storage Needs

The expansion of e-commerce in Australia has significantly influenced the self-storage industry by generating consistent demand from online retailers and small-scale entrepreneurs. In 2024, Australia's e-commerce market was valued at approximately USD 536 billion, with projections indicating a compound annual growth rate (CAGR) of 12.7% from 2025 to 2033 . Several businesses operating from home or shared spaces require additional room to store inventory, promotional materials, packaging supplies, or equipment. Self-storage units serve as an affordable and scalable alternative to commercial warehouse leasing, particularly for startups and sole proprietors who prioritize flexibility and low overhead costs. Moreover, the growth of online retail across sectors, ranging from apparel and home goods to electronics and specialty items, has widened the pool of business customers seeking accessible, secure, and climate-controlled units, which is creating a positive Australia self storage market outlook. Apart from this, some storage providers are offering value-added services such as parcel acceptance, delivery coordination, and shelving installations to support business operations. 

Australia Self Storage Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region level for 2025-2033. Our report has categorized the market based on storage unit size and end use.

Storage Unit Size Insights:

• Small Storage Unit
• Medium Storage Unit
• Large Storage Unit

The report has provided a detailed breakup and analysis of the market based on the storage unit size. This includes small storage unit, medium storage unit, and large storage unit.

End Use Insights:

• Personal
• Business

A detailed breakup and analysis of the market based on the end use have also been provided in the report. This includes personal and business.

Regional Insights:

• Australia Capital Territory & New South Wales
• Victoria & Tasmania
• Queensland
• Northern Territory & Southern Australia
• Western Australia

The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Australia Self Storage Market News:

• In 2024, National Storage REIT (NSR) announced the acquisition of a self-storage portfolio from MAAS Group Holdings Limited for USD 32 million. This strategic purchase is part of NSR's ongoing expansion efforts, strengthening its market presence and enhancing its portfolio of self-storage facilities across Australia.
• In 2024, StorHub, backed by Warburg Pincus, acquired three self-storage facilities in Sydney for over USD 70 million. The facilities, previously developed and owned by Trumen and Norman Property Partners, are now managed by StorHub, further expanding its presence in the Australian self-storage market.

Australia Self Storage Market Report Coverage:

Key Questions Answered in This Report:

• How has the Australia self storage market performed so far and how will it perform in the coming years?
• What is the breakup of the Australia self storage market on the basis of storage unit size?
• What is the breakup of the Australia self storage market on the basis of end use?
• What is the breakup of the Australia self storage market on the basis of region?
• What are the various stages in the value chain of the Australia self storage market? 
• What are the key driving factors and challenges in the Australia self storage market?
• What is the structure of the Australia self storage market and who are the key players?
• What is the degree of competition in the Australia self storage market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Australia self storage market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Australia self storage market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Australia self storage industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.