April 1, 2014 9:19 PM
In the United States, self storage is a $24 billion dollar business. Publically traded self storage businesses continue to out perform the S&P 500 and there are over 50,000 facilities in the United States. But, how is the self storage industry in Asia?
In places such as Singapore, Japan, and Hong Kong, the self storage business is flourishing. But, in two of Asia’s largest markets – India and China – it is non-existent. [More]
February 18, 2014 8:26 PM
People that had the opportunity to get in on the ground floor of companies before they got really big have made large fortunes. For example, if you had invested in Microsoft, Apple, Facebook, or Google when they were small, budding companies, your bank account would probably be bursting its seams by now. The same situation is looming on the horizon for the self storage industry in Asia. [More]
January 25, 2013 1:34 PM
More and more of Asia's four billion inhabitants are entering the middle-income class. This means they purchase more items which then impact the small living spaces that are typical in Asia. And all of those possessions create a growing need for self storage.
In 1999, Steel Storage established the first self storage industry tradeshow in the United Kingdom. Now, they are launching the first tradeshow in the Asian markets. It will be held March 20-21, 2013 in the Langham Hotel in Hong Kong. [More]
September 22, 2010 10:47 PM
About a year ago, two pioneers of the Australian self storage industry, Dallas Dogger and Sam Kennard, reported in Inside Self-Storage that the Australian self storage market was starting to decline. New inquiries about self storage in Australia had, as of last November, dropped about 10 to 20 percent from their peak in 2007 and 2008, possibly in response to the global recession. Earlier today, though, several investors reported in The Australian that the Australian self storage market is beginning to heat back up. [More]
December 31, 2009 5:52 AM
Worldwide ERC, the Workforce Mobility Association, is planning its annual national conference, to take place May 19 - 21, at Walt Disney World Dolphin in Orlando, Florida. The meeting is an opportunity for business leaders who work in fields related to relocation to network with each other, and share ideas and solutions. It is also an opportunity for suppliers, such as self-storage facilities, to provide exhibits that can introduce business leaders to the self-storage resources that are available to relocating employees, and to present the idea that self-storage can be a viable solution for employees who are relocating to cities with a higher cost of living.
The National Relocation Conference will include several optional programs, including one on the fundamentals of U.S. domestic relocation, for newcomers to the relocation profession and for other professionals who would like to have a more comprehensive understanding of the relocation process. [More]
December 21, 2009 10:11 AM
....Invista has received a $42.7 million investment from an American institutional investor, which it plans to invest in Big Orange. The new investment in Big Orange shows investor confidence in the Asian self storage market, which is beginning to heat up....Big Orange was established in 2006 to focus on the Asian self storage market. Many self storage investors are finding the Singapore market to be robust. In November, Hersing Corporation of Singapore, which owns the first self storage facility to open in Singapore (StorHub), reported that its 2009 third quarter profits were quadrupled over its profits from the third quarter of 2008. Not all of Hersing's profits came from StorHub -- many came from the Asia-Pacific branch of ERA Real Estate, which saw a 58 percent revenue increase during the same period -- but Hersing noted that the StorHub Self Storage business had proven to be very recession-resilient....
In Singapore, the demand for self storage is in large part driven by the demand for specialty storage such as wine cellars.... [More]