Asia self-storage sector set to grow: CBRE

Singapore

ALTHOUGH Hong Kong, Singapore and Tokyo are already the leading Asian markets in the self-storage industry, all three have a shortfall in square footage, according to a commercial real estate study.

The study, conducted by real estate investment managing group CBRE, concluded that the three cities have much to catch up to when compared with the United States - the leading country in the industry.

Using rentable self-storage space in square foot per household as a measure, CBRE compared the three Asian …