Opinion: Nano flats spur demand for self-storage facilities

Sue_C

The growing number of “nano flats”, flats with a usable size area under 160 sq ft, is spurring demand for self-storage facilities. However, storage operators have flagged a 30 per cent drop in available space for business in light of tightening warehouse regulations following a fatal fire in June 2016. These new guidelines have created murky waters for self-storage business owners and landlords. While safety is a priority, CBRE urges the government and operators to find a middle ground so that the market demand is not ignored. [Keep Reading]