Wondering what the stats will be for self storage Philippines in 2023? Well, read along to stay up to date.

You are not alone if you want to work in the self-storage sector. The business is now undergoing a boom. According to studies, the annual growth rate and return on investment on self-storage assets will continue to rise over the next few years, making it an attractive investment. Here are some reasons why the future of self storage in the Philippines in 2023 will continue to rise and appeal to many keepers and renters.

Why Self Storage In The Philippines Will Boom In 2023?

Read along to know the commendable reasons that will contribute to the hype in the self-storage business in 2023.

• Meets Multiple Storage Space Needs

What’s nice about self-storage is that it may solve people’s storage problems. People going through certain life transitions, such as move-outs, house renovations, extra storage for business, and even those who travel frequently, would commonly hire a storage unit to keep their stuff temporarily. As previously said, self-storage solutions have become a lifesaver for families and companies due to their assistance throughout the clearing, freeing up space, or extending the storage space.

• High Return On Investment

The self-storage sector is expected to grow with 134.79% between 2020 and 2025. The growth in demand is stable at 9.4% annually, while the price per unit size varies per facility, implying that the potential for investors in self-storage is limitless. Based on 2009 to 2018, the yearly return on investment can be as high as 16.9%. This number was higher than apartments, industries, retail, or office during that period.

Besides, self storage Philippines is one of the most sought-after kinds of real estate due to its excellent return on investment and compounded annual growth rate. All you need to know is where to look for and uncover possibilities in your respective fields. And, if you are looking for hassle-free investment, you can become a keeper with Leeveit.

• Cost-Effective Business Solution

Office space can be prohibitively costly, especially if you are just starting or trying to save costs. This is where storage units catch their eye, as some business owners rent storage units because of their budget-friendly attributes. The storage unit functions as an extension of their office space and is frequently used to keep papers, documents, and seasonal items that cannot be kept at the office. Thus, it reduces storage, maintenance, and security costs.

• It Is Simple To Maintain

Another positive aspect of self storage Philippines is that many individuals desire to invest due to its simplicity of maintenance. When compared to other sorts of real estate investments, there is less to maintain. Some software tools can help you with the property’s day-to-day operations.

• Access To Locations And Storage

“Time is of the essence,” as they state. Self-storage units stand out because they are easily accessible to individuals. It provides you the opportunity to access it whenever you want. You save time, and it fits into your schedule. They are intended to make your storage space and accessibility demands more convenient. You can find self storage Philippines near homes and offices. Hence, it saves you from the trouble of deciding where to store your items.

• Storage Options That Are Eye-Catching And Secure

Self storage Philippines not only meets all your storage needs but also provides you with various storage possibilities. Storage unit sizes are not restricted to one size; you may select based on your storage needs. If you are looking for a storage unit that provides insurance, Leeveit is the ideal option. This is because we provide up to ₱ 1 million insurance coverage for the items stored.

Self-storage is on the rise for a reason, and it is undeniably because it is now considered a need for many individuals. It provides not just storage capacity but also convenience, safety, and value for money. Therefore, this depicts that the stats of self storage Philippines will only climb in 2023. So, why not become part of this profitable industry? You are just a click away from being a laid-back renter and keeper. Besides all, you can call it a good passive income business. And who doesn’t want that?