Top Storage Space Rental in Singapore

In densely populated Singapore and limited land for residents and office workers alike, the rise of rental of external storage space to shift possessions that are not immediately needed seems sensible. The idea of de-cluttering excess baggage has also become fashionable. Hence the surge of storage rental spaces for extra space.

About Storage Space Rental in Singapore

Storage rental spaces are generally large industrial factory spaces divided into leasable lockers and rooms ranging from small to large. Personal and business customers usually rent with intention to free up space or clear excess clutter. Ladders, trolleys, and collection vans are available for clients to transport possessions to space.

Trends in Storage Space Rental in Singapore

The scarcity of land in Singapore brings about soaring rental prices as well as soaring property prices. This puts us in a situation akin to that faced by those dwelling in densely populated cities like Japan and Hong Kong, where the idea of storage rental began to help ease congested space. The increase of storage rentals may be a means to address this population rise in a densely populated city and where space becomes increasingly limited and scarce.

Thus, the need to rent external space for thriving e-commerce businesses with limited storage facilities and for households seeking to offload clutter in time for major renovations or changes in family composition. The rise of e-commerce has seen the rising demand for warehousing because business owners lack storage. Unlike the United States where land is abundant and of lower cost, in Singapore space is scarce and priced highly.

The need for inventory management is where rental space comes in as many space rental providers also offer logistics and packing options thus saving manpower costs. In tiny Singapore where space is scarce unlike the United States and with e-commerce replacing retail with most shoppers it is thus necessary to find storage rental to keep up with inventory management and storage.

Many storage spaces in Singapore are located in suburban areas like Eunos Technopark or Jurong industrial areas to minimize rental costs. Those storage spaces located in the central areas tend to be operators who pitch to a different more affluent client base or who seek to reach a larger base island-wide rather than being confined sales to heartland consumers.

Sample costs of Storage Rental Space

Lockers from 14 sq ft are usually available from $42, small rooms from 16 sq ft are available from $74, medium rooms from 34 sq ft are available from $150, large rooms from 45 sq ft from $168, extra-large rooms from 68 sq ft rooms are available from $228, container units for 127 sq ft from $415.

All prices quoted are monthly charges excluding shipping and freight. Packages for varied sizes and budgets or further tailored for specific needs are usually provided in variable quotations upon consultation. Discounts for long-term storage or larger billable storage are usually provided upon request.

Benefits of Storage Rental Space

Rental storage space is usually well guarded against theft either by electronic or manual surveillance. Manual or automated labor is generally available to aid transport and delivery. The 24-hour CCTV security surveillance also ensures that any crime or theft is traceable with camera footage. Facial recognition technology also identifies criminals with precision. The pervasive and perpetual nature of electronic surveillance also ensures crimes are traced to perpetrators with efficiency and minimal error. Electronic surveillance also has a wider reach, higher efficiency, and lower cost than manual security.

External storage rental space also declutters homes and offices for aesthetic viewing purposes. With the rise of climate change, businesses also seek to reduce their carbon footprint by maximizing and conserving space. Reducing, reusing and recycling rather than disposing and incinerating large amounts of possessions can also save costs and reduce waste in the long term. The modern consumer lifestyle confronts us with excess possessions, more clothes than we need, more books than we read, more equipment than we actually utilize.

The concept of decluttering does not merely conserve space but also liberates us from having to plow through masses of documents in excess of what we actually need on a daily basis. It also improves the aesthetic viewing experience of living space as offices or homes with excess clutter is unsightly and unfriendly to guests. The idea of plowing through a haystack for a needle comes to mind when we throw a room into disarray looking for that lost book or lost record when internet streaming has made such frantic searching unnecessary with online catalogs and access to libraries and streaming of music and entertainment.

As we live through the current industrial revolution, the need for physical copies of books and records becomes unnecessary as these are readily available online. The gradual closure of physical book stores and record shops is a trend we have seen rising and as most shopping and knowledge/leisure consumption turns to virtual platforms we will see less of a need for the tangible, physical copies of books, cinema, records.

The need for high security and surveillance to guard against the theft of valued documents and office equipment and inventory also makes it necessary to outsource the security of inventory to storage rental owners as these often employ 24/7 CCTV surveillance and use state of the art technology like facial recognition to make crime highly detectable and traceable to perpetrators of crime. It is almost guaranteed there is a very slim chance of misidentifying a suspect with facial recognition as there is a very high percentage of accurate recognition of identity.

The overall reduction of rental costs for storage in Singapore is significant for owners of e-commerce and events outfits as high rental overheads lead to high operating costs which diminish profit margins. As most storage spaces are located within suburbs unlike showrooms which need a central locale to improve human traffic, operating costs are likely to be significantly reduced by outsourcing storage to suburbs with a lower rental. Many rental spaces operate in industrial areas like Woodlands with a lower rentals.

Storage Space Rental: Definitions, Reviews, Trends, Functions, History, Industry Development, Prevailing Demands

Self-storage (an abbreviation used to denote “self-service storage,” or “device storage”) is a term referring to industries that lease out Storage Space (like rooms, containers, lockers, spaces), alternately termed “storage units,” to tenants, leased over short lease rentals (regularly month-to-month).

Self-storage tenants are people or companies. Industry veterans usually cite grounds for leasing storage, as the “4Ds in Life” : Death, Divorce, Downsizing or Dislocation. Latter events might often refer to leasing parties’ shifting to new abodes, subsequently requiring storage space to keep objects, till these get shifted to the new place. Another regular reason for leasing storage is marrying a new partner, which then leads to couples holding on to multiple sets of furniture, a common trend observed with storage tenants.

Self-storage providers lease storage for brief, short-term periods (On a month-to-month basis; choices for extended rentals are optional) to people (usually keeping personal belongings, most town councils prohibit the leasing of storage space for personal residential inhabitation), or for companies (usually storing excess inventory or old files). Several providers offer containers, padlocks, or packing boxes provided in warehouses to help tenants with packaging or protecting all items.

Storage operators often provide van rentals (or provide free access to moving vans for newly contracted storage tenants). Many storage premises offer insurance sign-ups; also, lease tenants can buy coverage through personal insurance policies (in case such insurance extends cover to items kept external to renters’ home protection).

Alternatively, tenants might buy insurance to protect their goods (the storage providers may cover separate service provisions from a 3rd-party insurer, or under certain clauses might demand that leasing tenants buy policy coverage to satisfy rental regulations.) Leased storage spaces offer access, with the use of personal padlocks, entry using customized, provided, keys. Separate from warehouse grounds, self-storage rental supervisors are not granted free access to storage rental unit leasing grounds. (So, leasing providers usually are not liable for burglary).

Many self-storage grounds do not impose confiscations, or seize control of items on rental premises, do not forfeit goods as a penalty for failed rental collections. Storage providers do not offer refunds for theft when storage rental grounds remain unlocked. Also, storage leasing supervisors might lock up units, until tenants install personal padlocks.

Industrial Development of Storage Space Rental:

While there are historical records of rental storage facilities found in Chinese museum archives, modern self-storage facilities (providing any tenant with full access to leased storage spaces), only slowly, gradually emerged in the late 1960s period. The 1st self-storage leasing chain emerged in Texas. Demand for leased storage was driven up by many families in Texas lacking independent basements for storage, that usually contain one’s excess belongings.

A pioneering self-storage facility from Europe started in the UK, founded originally by Doug Hampson, providing leases in central London in 1979. “Named Abbey Self Storage, this eventually became the first self-storage facility from Europe. It was Doug Hampson who gave Britain the modern self-storage industry, with its bright, clean corridors and endless rows of brightly coloured doors. In the industry, he is widely credited with the enviable title of the father of UK self-storage”.

Modern storage providers then expanded during the 90s, in this time, demand exceeded supply, which led to accelerated growth in self-storage rental. Between 2000 to 2005, more than 3,000 storage spaces were developed, built in America. At the end of 2019, 47,539 self-storage rental units were counted, registered on American soil, found in many industrial or commercial land site parcels.

Presently, above 1.9 billion square feet of self-storage caters to storage lease provision in the USA. The 6 major trending operating storage leases (4 REITs or U-Haul manage or run 18% of self-storage ground leasing management.) The leasing industry collected $38 billion in revenue returns, over 2018.

Presently, in metropolitan states, with competition between storage companies rising up, bigger parcels of land near to residential or commercial districts now are being converted to self-storage facilities upon authorities approving operations. Businesses are now getting better at building storage space facilities, enabling operators to start running or lease quickly. To cater to demands, companies like PODS, now begin preparations to ride the trend of offering commercial storage leases. Mail storage or on-demand storage leasing, in which customers’ items get kept in warehouses instead of providing individual tenants with many different storage units, are on the rise.

Storage Unit Sizes:

Self-storage companies lease out a range of unit sizes to residential, commercial tenants.

Trending room sizes (Width specifications initially reported, with depth detailed after,) are:

• 5 ft × 10 ft (1.5 m × 3.0 m), resembling size measurements of many large walk-in closets
• 10 ft × 10 ft (3.0 m × 3.0 m), resembling size measurements for kids’ bedrooms (trending in 2015, 10×10’s prevail as highly demanded storage unit space leases, accounting for 16% of mass operations in America).
• 10 ft × 20 ft (3.0 m × 6.1 m), resembling size measurements of a 1-vehicle garage
• 15 ft × 20 ft (4.6 m × 6.1 m), resembling size measurements of big sized Master Bedrooms, or
• 20 ft × 20 ft (6.1 m × 6.1 m), resembling size measurements of many 2-vehicle garages.

These storage units do not have windows, are built with concrete blocks or corrugated steel, offering locked entry for tenants. Units are regularly accessed for entry via foldable steel doors, that measure up, span over, the equivalent space occupied by, the width or length extensions, of the regular 1-car garage door measured, (smaller rooms might get entered via hinged metal gate entry).

The storage lease providers often hire security guards, install surveillance cameras, or install storage space alarm bells, chimes. Alternative storage providers grant access via customized electronic door entrances built with keypads or proximity cards to allow identification-based entry. Certain storage providers grant entry permissions via the scanning of biometric thumbprints, hand scanners, to grant customized access permissions, provided to all tenants leasing their respective storage units.

Self-storage rental operators often provide 24-hour entry, climate-controlled units, external storage for RVs or Yachts, or lighting and power supply in different storage units, for amenities to outshine, stand out from competitors. Several storage facilities have open ceilings i.e., the wire mesh ceilings that are less securely sealed, compared to others that install tin-built ceilings, stretched out to maximum extension, for improving, upgrading, prevailing levels of privacy or security. In rural or suburban grounds, many facilities contain multiple single-story facilities providing many drive-up units which are openly ventilated but without providing climate control.

Such buildings are generally termed “traditional” storage buildings. Climate-controlled inhouse units now trend widely, in most suburban districts. In city districts, many premises hold multi-story buildings, providing lifts or freight elevators to move storage items up to higher levels. These storage grounds often are climate-controlled as these are often installed, even fully installed, with interior rooms.

Warehouses or supermarkets, grocers occasionally get transitioned to self-storage facilities. Loading bays are sometimes found at the 1st level. Alternatively, free trolleys or transport dollies often remain on hand to assist customers with moving goods to storage units. Urban self-storage buildings might contain several specialized building levels in numerous larger-sized buildings; one might discover self-storage providers immediately adjacent to manufacturing sites, office units, or learning centers.

1 in 10 American families now leases a self-storage space. Rising, increasing demands for self-storage in America are demanded by families shifting, (around 40 million people shift every annum, according to American Census Data), or with major life events, like Divorce, Marriage, Retirement, Disability, death of family members, etc. Recent surveys of self-storage facilities observed increased demand for storage leasing by numerous individuals, families within society. More than 54,000 self-storage premises presently operate in the USA, varying from storage providers operating nationally, to enterprises with more regional operations, or some smaller-scale “mom and pop” storage.

Demand for storage leasing stays high, counted in Q4 2015. Supplied units for self-storage are now very much sought after, in high demand. Also, steps are taken to develop certain new storage facilities often remain very tedious, or lengthy time-wise to undertake, usually. Also, such distinct asset classes often encounter resistance from districts, due to the massive building space occupied.

The self-storage industry stays diverse when compared with distinct asset categories in storage industries. 80% of self-storage facilities are owned by distinct small investors, individuals. Prevailing held beliefs by many investors are ideas that self-storage markets remain recession-proof. This idea is supported by 5.1% profit returns the sector distributed to investors counted from 2008, during the period of The Great Recession. Current self-storage markets recorded high returns during the COVID-19 pandemic outbreak. This is due to self-storage being an “essential business” in numerous districts, so, over the lockdown, many storages continued operations, while many people have started panic-buying storage spaces to keep valuables away from damage.

Storage Units in Singapore:

As 60 storage facilities operate in Singapore, comparing charges for leasing storage units with many distinct storage providers might take up lengthy intervals, and manpower. With reviews below, surveyed are 4 of the largest storage companies in Singapore, with carefully picked, screened reviews of the costs rising from leasing storage rental spaces. Note carefully, take heed, that reviews remain focused on common storage offered by storage providers, also this fails to factor storage prices of specialized storage leases (e.g., storing alcohol, wine bottles, warehousing or keeping inventory stocks, contractual warehousing space, etc.)

Extra variable factors to compare, in order to weigh between distinct options for storage space leasing:

Presently, one is unable to conduct universally standardized comparisons that factor in units of measure (e.g., price per square feet), due to storage spaces varying, ranging very widely.

Storage providers bill overall charges for storage space, based upon:

• Location (Central locations cost much more)

• Storage Space Size (usually bigger sized space rental might offer cheaper unit charges)

• Duration of the storage lease contract (briefer occupancy bears higher billings)

• Features of Storage Space (e.g., airconditioned versus non-airconditioned, ground floor fast entry)

• Storage space features (etc. pillar in storage space, elevator closely located)

Factors considered in Comparing Singapore Storage Space Billings in Full:

For simplifying survey collation, or making statistics easier to understand, the varied factors that determine final storage lease billings, are as follows:

Non-Air-Conditioned Storage Spaces

• Storage Spaces with sizes that span over 60 to 70 square feet.
• Locations are found under 8km from the central city area.
• Storage Contract Interval: over Six Months

Storage Space Charges: Major Factors Considered

• Storage spaces charge about $190 every month.

• Surveyed were self-storage providers for over 2,500 bill estimates, results show that monthly prices vary from $90 in charges for smaller sized storage space leases to $300 for larger sized storage.

• Calculated cost differences between small or medium storage spaces amount to over $800 per annum—even in case one engages some of the top-ranking self-storage providers.

• This implies that it is prudent to estimate the size one needs, prior to renting spaces.

Whether one needs short-term storage over home renovations or the storeroom gets clogged up, too crowded, after one moves to a new place, the steps below can reduce overall charges:

5 ways to estimate the storage space area that one needs:

1. Perform inventory records of your items

• The 1st step to calculate the storage unit size one should get is to calculate overall measurements of space, occupied fully, by all the items that one owns.
• Record full box counts, or record all large possessions, including sofa chairs, dining sets, shelves.
• Fully record everything clearly so that you can check again.

To consider, in case you seek to store all items in an ordinary bedroom, the inventory could cover the following:

2. Examine all storage lease choices

• After recording inventory for items, a further step is making sure you have submitted details of your home’s full storage space.
• One complication you do not desire is signing up contracts to lease storage units, then coming to realize that you could have contracted smaller (cheaper) units by keeping several of home items in the partially filled cupboards or certain neglected physical spaces within storerooms.
• Overall savings differences for smaller or medium-sized storage space amount to about $840 per annum, hence, it is prudent to take time to weigh all options at hand.

3. Estimate Storage Needs

• A 3rd step for determining the storage unit size that one needs, is counting the items.
• Upon selecting a storage unit size under Step 4, you may seek to consider these measurements mentioned below:
• Square feet (sq. ft.): Check the full length or width of all items.
• If all items pile up to 5 x 5 feet, one needs some storage space that can contain about 25 square feet.
• Cubic feet (cu. ft.):  Check the width, length, or height pile-up of belongings.
• In case these form piles that measure 5 x 5 x 5 feet, you need storage space that measures 75 Cubic Feet.
• There is no one set method for estimating the space needed.
• 1 way is piling all items up together, then next, measuring the total stacked up space.
• Other ways are measuring distinct items, for width, length specifics, in order to estimate total space occupation demands.
• Many measurement methods could fulfill these in case these offer estimates of fully needed square or cubic footage for items.

4. Choose either small, medium or large storage unit space:

Following your measuring efforts, decide on whether you need: small, medium, or large storage units.

You can choose between many storing space measurements, still, these come categorized under the 3 categories.

Small units hold a maximum of 50 square feet of space, medium units provide about 150 square feet, or large units can hold items up to 300 square feet.

• Small 5 x 5–5 x 10 25–50 200–400: Up to 1 room.
• Medium 5 x 15–10 x 15 75–150 600–1,200: Up to 3 rooms.
• Large 10 x 20–10 x 30 200–300 1,600–2,400: Up to 5 rooms.

A quick way to determine the estimated size is to compare measurements counted from Step 3, with the storage unit size guide report mentioned above.

• For example, in case the inventory estimates measure up to 125 square feet, you need a medium storage unit because the size range measures: 75–150 square feet.

5. Estimating Storage Space

• A further way to estimate the storage unit size that you need in full is checking storage facilities in person and picking a specific size.
• One may cut costs by picking a unit with enough space to store items—still, not so large that vast amounts of space are wasted.
• Previously in former measures, you narrowed down options to either small, medium, or large units.

Now, you must look at storage provider websites to get specific space measurements, then infer what these providers may fit in regularly considered (these all hold diverse ranges, and provisions)

• Bonus Space Storage: Top ranking 8+ $220
• Cube Smart: Lots of sizes 11+ $160
• Simply Self Storage: Low prices 8+ $160
• U-Haul Wide availability: 9+ $160
• Life Storage: Great customer service 9+ $200

Extra advice: Cut costs for the storage space

• Measuring up the total storage unit space needed often may help to reduce full costs and logistic bills. It is troublesome to rent a space, and then find it is too small.
• It is very troublesome, to abruptly find out that one must pay extra charges of $70 per month, to access storage space leasing that is only partially occupied, once you shift all the items in.

Ways to estimate ideal storage unit sizes, for Storage Rental, in Singapore:

• Compare all charges.
• Storage spaces usually cost more than belongings.
• For instance, if one seeks to rent space to store some drawers, bed frames, or some bookshelves, this might amount to bills of about: $160 per month—or nearly $2,000 per annum.
• To some extent, it makes more economic sense to buy new items, rather than store items.
• Certainly, this fails to help if one needs storage for items including records or legal files.
• Nevertheless, one might be astonished by the sums people are willing to spend on storage units, that far exceed, the costs of these belongings.
• Identify the major items.
• When you lack time generally, certain alternative methods are swiftly deciding on whether one requires a small, medium, or large space by measuring big, bulky, wide items.
• Reading from many storage unit size reports, items exceeding 10 feet long, or wide might rule out renting small spaces while items bigger than 15 feet counted in sum, might compel you, to lease medium- to large-sized storage space.
• Drop by storage facility grounds.
• One may browse through many storage unit reviews, all accessed online, but nothing actually beats visiting the exact physical premises.
• Take some time to drop by the closest storage building.
• Roam around many units to derive actual estimates of how large these are.
• A short visit might cut substantial billing fees.
• Closely compare many distinct size charges.
• Many storage space providers hold more sizes to access than published on site reviews.
• Directly call storage buildings, provide the needed square or cubic footage, then enquire which unit clearly might satisfy rental demands.
• This is like going to a shoe store, then confirming stock availability for your size needs.
• You might get a perfect fit to match your needs.
• Trending median square foot size range for 3-bedroom house measures about 1,200–1,400 square feet, reported by Reference.com.
• Most reviews suggest leasing medium-to-large-sized storage spaces to store 3-room home belongings.
• The 5 x 5 storage room measures 5 feet wide, or 5 feet long, approximately 25 square feet.
• Trending median charges for 1 of smaller sized storage spaces are around $90 per month.
• The 10 x 10 storage space measures 10 feet wide and 10 feet long (about 100 square feet).
• Trending average fees for some of these medium-sized self-storage spaces are about $160 per month.
• Storage spaces vary from 3 x 3 feet (small) to 10 x 30 feet (large).
• With certain leases, one may lease units measuring about 50 feet long catering to massive recreational cars.
• Prices range, but one often pays more to lease larger storage spaces in comparison.
• Average measured storage unit sizes are about 10 x 10 feet (or 100 square feet).
• Such medium-sized rooms charge $160 in monthly bills or usually fit items contained in 1 to 3 bedrooms.
• Size measurements for the storage room that one requires are often based upon the number of items that one owns in full.
• Many recommend making estimations of square footage measurements that are sufficient to contain one’s items, then next pick an option, from smaller sized (25–50 square feet), medium (75–150 square feet), or even, larger sized (200–300 square feet) storage space.
• Largest sized trending storage space rental measures: 10 x 30 feet.
• Such large units contain room for 300 square feet (or 2,400 cubic feet), priced at $290 per month.
• One may rent 10 x 10 storage: from most large-scale storage providers.
• The median charges of the 5 x 5 storage spaces are $90 per month.
• In Singapore, weekly charges for the regular storage unit’s rental usually range between $50, to $500.

Editor’s Note:

While every precaution has been made to ensure the accuracy and fairness of this listing, we acknowledge that they may be inaccuracies. Therefore, we urge you to contact the service provider above for the correct information and/or contact us with the correct information.

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