Businesses in Singapore Embrace Self Storage for Flexibility & Growth

Yeni Lim from Yenidraws

The recent Self Storage Association Asia (SSAA)-JLL Annual Survey Report 2024 highlights a growing trend among businesses in Singapore leveraging self storage to manage their operating costs effectively. These businesses are opting for flexible storage solutions that allow them to scale their storage space up and down according to their needs without the commitment of long-term leases. With the rise in e-commerce, the demand for such adaptable storage options has increased significantly.

Key Findings:

• 40% of Businesses Now Use Self Storage: A notable 14% growth from last year, fuelled by the return-to-office trend along with the rise of e-commerce and online retailers, demonstrating a shift in preference among small business owners towards self storage as a viable solution for managing space requirements.
• Convenient PUDO Services: Storage operators in Singapore are increasingly offering PUDO (Pick-Up and Drop-Off) services to facilitate easy handling of goods. This service eliminates the need for micro business owners to rush to the storage facility, allowing them to focus on growing their business without worrying about storage logistics.

 Yeni Lim, owner of Yenidraws at Tiong Bahru, a boutique retailing Singapore-inspired lifestyle gifts and souvenirs, says: “Lock+Store Tanjong Pagar provides the perfect blend of convenience and flexibility for our growing business. The ability to scale our storage space as our business expands is invaluable. Without having to worry about storage space or committing to a long-term lease, we can focus on our products and customer service. It’s a real game-changer for small businesses like ours.”

Helen Ng, Chair of the SSAA and CEO of Lock+Store, comments: “Self storage is becoming an essential tool for micro businesses in Singapore, providing not only a cost-effective solution but also the flexibility needed in today’s dynamic business environment. Our latest survey results underscore the growing reliance on self storage as a strategic asset for small businesses. With the introduction of services like PUDO, we’re enhancing accessibility and efficiency, allowing entrepreneurs to concentrate on what they do best - growing their businesses.”