Latest / The PROPERTY DOCTORS, Sydney Australia Novak Properties
EP. 1397 Storage King and Kennards Make Money?
Have you ever driven past those massive Storage King and Kennards facilities popping up everywhere and wondered how they make money? We certainly did, which sparked our deep dive into the fascinating economics behind Australia's booming self-storage industry.What we discovered was genuinely surprising. These businesses charge extraordinary rates – up to $1,010 per month for a garage-sized unit or $405 monthly for a space comparable to a bedroom. Even the smallest lockers command $37 weekly. Despite these premium prices, occupancy rates consistently hover near 100%, with some facilities…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.