If you are planning to invest in something, what kind of asset would you choose? Would you go for real estate? Would you buy stocks?

While both real estate and stock market have been proven worthy spending money for the purpose of gaining revenues, investing in self storage also has its benefits.

For one, self storage is now considered a large and emerging market. Hence, the demand for storage facilities is also widely increasing. And as mobility becomes a trend both in social and commercial realm, this industry is expected to continue developing in the coming years.

Another reason why self storage can be a profitable business is people these days tend to do impulsive buying. Most of these people find it difficult letting go of their possessions even though they are no longer needed.

And the fact that urban homes like apartments are built with small spaces make self storage facilities all the more necessary. Families that consider downsizing their homes when their children move for college may also be surprised to discover that their primary home cannot meet their storage needs.

Aside from social factors, business industries are also contributing to the growing demand for self storage. Workplaces these days are getting smaller, especially those of companies that cater to customers in different parts of the globe.

For instance, online businesses that specialize in auction use small offices and opt to store most of the items that they buy and sell in a self storage facility. The demand from this kind of customers is high because these are the types of businesses that have the potential to grow at a tremendous rate.

Besides, not all people working from home can transform a portion of their home into an office. This is because either they don't have enough space or they do not have available funds yet.

All these things are true in countries with robust economy like Singapore. The industry of self storage in Singapore caters to families and businesses in cities as well as to expatriates staying in the city for indefinite period of time. Some Storage Space Singapore companies focus solely on storage management, while some do allow franchising of self storage Singapore.