Self-storage firm Beam, cashes in on vacant industrial space

Singapore

THE oversupply of industrial space in the market bodes well for Beam Space, says Anna Chew, CEO of the one-year-old warehousing and logistics startup, in a recent interview with The Business Times.

The "storage concierge" company - an integrated self-storage company that provides add-on services such as transportation, delivery and mobile inventory keeping - is taking advantage of the high-vacancy environment to lease space at attractive rentals.

The company says it can generate five to seven times returns at current rents. According to JTC's latest statistics, about 1.2 million square metres (sqm) of warehouse space wa…