Increased demand for storage amid COVID-19
Proving that the self storage industry is, in fact, recession proof!
As this news clip from CNA states, in Singapore the demand for self storage continues to increase as people are adjusting to new living arrangements caused by the pandemic.
The Singaporean facilities are looking at an increase by up to 35%. Even though the rising demand is primarily due to changes in home-owners’ lives, more businesses as well are joining the self storage wave and contributing to the growing demand.