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June 9, 2017

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Self-storage yields better

THE self-storage sector in Asia can expect better yields because urbanization serves as a catalyst for its growth potential, leading international real estate services provide JLL said.

Yields on self-storage facilities are potentially attractive compared to other traditional asset classes, according to a report released yesterday by the consultancy.

Landlords can expect yields of around 2 to 4 percent in Hong Kong and Taiwan, 5 to 7 percent in Tokyo and Singapore, 5 to 8 percent in Australia, and up to 8 percent or above in the Chinese mainland and India depending on location, access, quality and building facilities.

“Urbanization is an important driver for self-storage,” said Bob Tan, director of alternatives, Asia Pacific capital markets at JLL. “Growing urban populations mean smaller and increasingly expensive living spaces in cities.”


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