Self storage growing fast in Asia

Self storage operators have been active in Asia Pacific for years, but the sector has been fragmented. In recent months, institutional investors have started to acquire self storage facilities across the region.

October 07, 2021

Self storage assets are income resilient with high tenant retention and offer yields higher than logistics and multifamily assets in gateway cities in Japan, Australia and Hongkong. More operators are also looking to own rather than lease their premises. We expect self storage stock to grow around 50% in the next five years, mirroring the growth of online retail in the more mature cities of Japan, Australia and Hong Kong. The main drivers of this trend include:

  • Continued migration into cities and accelerated growth of renters.

  • Rise in remote working and flex office space.

  • E-commerce growth driving demand for business storage.

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