Self-Storage Around the World: Reflections of Non-U.S. Facilities on Six Continents
Australia's Established Self-Storage Market Seeks New Growth
The Australian self-storage industry is well-established but still growing, albeit at a slower pace. Though a lack of funding provides obstacles to new development, some of the largest players continue to expand, and there are even new entrants to the market. Kennards Self Storage, which operates 74 facilities in Australia and New Zealand, was granted a special-use zoning change last summer, paving the way to a new development in the Kemblawarra Business Park. Kennards also opened a facility in Klemzig last spring, and recently converted an iconic Coca-Cola factory in North Sydney to self-storage. The conversion project, which opened in September, includes a large retail area, Wi-Fi access and customer-lounge spaces. It also accommodates vehicle storage.