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Discover the booming self-storage industry's global expansion and business prospects. Learn about changing demographics and trends in usage, including younger generations opting for storage due to limited space. Explore how self-storage spaces transform into versatile business hubs. Get insights on the industry's growth in Asia and investment opportunities driven by Gen Z and millennials.
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Quick takeaways
- The self-storage industry is experiencing a global boom, driven by Gen Z and millennials prioritizing experiences over material possessions.
- The demand for self-storage units in Asia is fueled by factors like expensive property prices and the growth of e-commerce, attracting mobile-driven businesses.
Deep dives
Global Boom in Self-Storage Industry
The self-storage industry is experiencing a global boom, with significant growth in regions like Canada and the UK. Businesses like Apple Self Storage in Toronto are witnessing increased demand, with spaces catering to the needs of millennials and Gen Z individuals who prioritize experiences over material possessions. The industry has evolved from being hidden in industrial areas to vibrant, well-designed facilities that attract a diverse range of customers, from individuals storing personal belongings to businesses setting up shop.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode