SUBSCRIBERS
The hottest US business right now is storing people's stuff
For operators of self-storage facilities, low operating costs and high demand have translated into fat margins
Published Wed, Jun 14, 2017 · 09:50 PM
New York
A DAY hardly passes without the US retail industry sustaining fresh wounds as malls and outlets shut their doors. Americans are still shopping, though - online, in their pyjamas - and physics dictates that their new stuff, and old stuff, go somewhere.
Welcome to the renaissance of self-storage.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
European real estate deals slump to lowest level in 13 years
Singapore Q1 industrial rents rise further 1.7%, as occupancy dips and prices fall: JTC
Condo resale volumes rebound in March; prices inch up 0.4%: SRX, 99.co
S$16.5 million deal at The Ritz-Carlton Residences tops Q1 gainers; seller reaps S$4.9 million profit
Lucrum Capital looks to sell Killiney hotel site for S$195 million
US 30-year mortgage rate rises to five-month high of 7.24%