Category archive: International News
Kennards Self Storage is pleased to share this article from the Wall Street Journal which observes the performance of the Storage Real Estate Investment Trusts in the USA, against other property sectors.
The storage sector has enjoyed the strongest returns of all property classes.
One of real estate’s least-exciting businesses—warehouses that allow people to store their unused sofas, lamps and other household goods—have become a hit with investors.
Storage in China is in embryonic stages, yet it seems some players are positioning for the big growth from the emerging Chinese affluence. The growth in affluence in the Chinese population is expected to bring opportunities to many business types, as the disposable incomes of hundreds of millions of people grow.
The Japanese do not have the same consumer mindset and lack the natural accumulation instincts of Australians, Kiwis and Americans. This has not stopped the emergence of a self storage industry in Japan though.
The incredibly tight living environment provides other demand drivers for storage. Apartments are very small, so storage offers another avenue for people to enjoy more space without surrendering their stuff.