Storage space companies could become victims of rising rentals themselves

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Storage space companies are receiving brisk business, with some planning to double their capacity in Singapore by next year. They offer cheaper alternatives to firms that are trying to keep costs low at a time of rising office and shop rentals. But this allure could lose its shine, if inflation continues to swell. Some storage providers themselves are now becoming the latest victims of rising rentals, since not all own the properties they are in. Recent quarterly data shows industrial rents are still on the rise, even when more supply of spaces -- such as new warehouses -- are entering the market.

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