Self-storage is a relatively new type of commercial property in Asia that is primed for growth due to demographic changes, strong business activity, and growing investor interest. Focusing on the more developed cities of Tokyo, Hong Kong, and Singapore, demand is being driven by the four "Ds" -death, divorce, density, and dislocation as well as business activity (office expansion and contraction).
Self-storage supply is currently limited as saturation levels have yet to reach those seen in the more mature markets of the US, UK and Australia. As a result, both operators and investors are keen to satisfy the demand in the market and increase self-storage supply. Self-storage rental rates are healthy, lending support to increased conversion of underutilised properties into self-storage facilities.
Henry Chin, PH.D.
Head of Research,
+852 2820 8160
+852 2820 2867
Executive Director, Industrial &
Logistics, Brokerage Services, Asia
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