
Strong household demand drives HK’s mini storage services
44% of operators expect rental and profit growth of 5% to 10% over the next years.
Hong Kong’s strong household demand is driving the growth of mini storage services as the household-to-business usage ratio has held steady at 76%:24% compared to last year, according to a JLL report.
Despite Hong Kong’s subdued economic growth outlook, 44% of operators expect rental and profit growth of 5% to 10% over the next three to five years.
Moreover, this contrasts with trends observed in Singapore, where business demand for self-storage services has surged by 14%, reflecting a shift in market dynamics.