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]
April 6, 2012 2:47 PM
If you live in the United States or Canada, when you think of self storage units you might think of a building with various sizes of units - from a small 5' X 5' space up to a 10' X 30' unit. You might think of storing bedroom sets, dining room tables, or even an RV or boat. If you live in India, self storage is different. Far different. [More]
June 30, 2011 8:46 AM
Consumerism is what drives the self storage industry. The more people acquire, the more room they need for their stuff. And as people downsize, the availability of space in a typical household shrinks. But a love of shopping might be slowing down in America today as compared with consumer-giants China and India, according to a new survey. [More]
August 6, 2010 10:26 AM
Two self storage companies are planting trees in an attempt to cause reforestation of areas of the world that are suffering from deforestation, such as Haiti, the Amazon basin, and tropical rain forests around the world. Watson & Taylor Self Storage, of Addison, Texas, announced this week that it will work with Trees for the Future to plant ten trees for every new self storage customer to rent a unit at their facility in the month of August. Likewise, iStoreGreen of Brooklyn, New York, plants a tree for every tenant through the Nature Conservancy. [More]
January 11, 2010 9:48 AM
People who have been using self-storage as a place to keep their ever-increasing collections of coins, stamps, or wine may find that their investment has paid off. If they wish to, they may be able to find buyers for those collections--in India. The Economic Times of India reports that in India, as in the West, the gap between rich and poor has been increasing in recent years. Although India has a reputation for being one of the poorest countries in the world, it also boasts more than 50 billionaires. Furthermore, at the moment, collections are very fashionable among wealthy Indian businesspeople.
The market for rare object collections in India is currently relatively unorganized, according to Economic Times reporter Aman Dhall. One Indian auction house, Todywalla, is known to specialize in coins and banknotes. "They deal only in high-end coins. They have a catalogue beyond which they don't fish," says Hrishi Modi, a director at ASK Private Wealth Advisors. Modi collects rare coins and stamps himself. Like many collectors, Modi began his hobby as a child, when his father brought back coins and stamps from trips abroad. Now his collection includes gold coins from the Kushan Dynasty, silver dollars from Calcutta, Iran Persia stamps from 1897 and Nazi era coins. [More]