If you’re the proud owner of a cramped HDB flat or a stock-heavy SME, you’ll understand the challenges of storage space in Singapore. As families grow tired of navigating around boxes and bicycles in their hallways, and small business owners are priced out of expensive warehouse units, Singaporeans are increasingly turning to self-storage as an alternative solution. So, how does self-storage work and what’s the appeal?
Here, we’ll give an overview of the uses and benefits of self-storage. We’ll also explore the trends and considerations you should take into account when weighing up self-storage options.
How self-storage works
Self-storage involves renting a space to store items, usually on a flexible short-term basis. Storage spaces come in varying sizes and there are a number of providers across Singapore. Once you have selected the right one to suit your needs, it is typically up to you to move your belongings in yourself. Items can then be stored for the period of the lease and monitored or accessed according to the terms of your contract – which, in Space Next Door’s case, is 24/7!.
The benefits of self-storage
As apartments get smaller and rent prices rise, many Singaporeans are faced with a storage crisis. Self-storage allows individuals to free up their living spaces without the high cost of upgrading to a larger home. For business owners, the same applies to creating extra space in their shops or offices.
While warehouse spaces tend to be large, expensive and demand long-term contracts, self-storage units range in size from as little as 16 square feet to hundreds of square feet and can be leased on a flexible, short-term basis of as little as a day, week or month. This equals greater flexibility and lower costs. Businesses can easily scale their self-storage up or down as needed, preventing wasted space and costs – this is particularly helpful when dealing with seasonal fluctuations in demand.
Space isn’t the only reason people invest in self-storage units. For some, self-storage provides a safe place to keep furniture and other belongings in between moving properties or carrying out home renovations. Short-term storage is also useful for keeping items safe while travelling. Other circumstances, such as the arrival of a new family member or a relationship breakdown, can also spur a need for self-storage.
Self-storage trends in Singapore
With shrinking house sizes, a growing population, a rise in urban dwelling and limited land space, it is no wonder there’s a rising demand for self-storage in Singapore. Over the past two decades, Singaporeans have steadily begun to embrace self-storage and the extra space it provides. The number of storage companies has grown rapidly, with new players finding innovative ways to make storage cheaper and more convenient.
Some of the most popular items to store include furniture, clothes, books and office equipment. As we Singaporeans grow ever more affluent, there is also an increase in people storing collectibles and luxury items such as artisanal wine, resulting in a need for specialised, temperature-controlled units. The rise of e-commerce is also driving demand for self-storage, as small business owners seek affordable storage options for stock.
Key considerations for self-storage users
When selecting a self-storage unit, many factors come into play. Beyond the obvious considerations of size and price, it is important to assess location, accessibility, security, flexibility, onsite services and special features.
If you are storing items of high monetary value, it is advisable to choose a guarded storage unit with ample lighting, CCTV and insurance coverage. For irreplaceable sentimental items, such as books and photos, ensuring your storage space is free from damp and flooding should be a priority.
If you’re storing light- and heat sensitive items like antique furniture, leather goods, fur coats or wine, a climate-controlled unit may be necessary. And for large items, in particular, it is essential to find a storage unit with a loading bay and easy access.
Accessibility is also an important consideration if you are storing items you need to retrieve on a regular basis, such as bicycles or stock, while e-commerce users may desire additional onsite amenities such postal services and box shops.
Ready to benefit from self-storage?
Want in on the benefits of self-storage? Book now with Space Next Door! We have convenient storage options to suit every need, all across Singapore.