There was an approximate 25% growth in demand for mini storage in Panama during the pandemic, a trend driven by the need to adapt homes and businesses to new realities.
Digital sales model and new businesses
Companies have had to transform their sales models to survive. David Naimark, CEO of Mega Storage, explains that mini storage services offer a cost-effective way to store inventory for digital sales. Furthermore, many families used these spaces when creating telework areas at home or downsizing to smaller dwellings.
Savings Opportunity
Moving from a storefront or office to a mini storage unit can reduce operational expenses by up to 60%, including furniture, electricity, maintenance, and other fixed costs of a physical space.
Looking to the Future
The global self-storage industry is expected to continue growing through 2027. In Panama, central locations like San Francisco, Juan Diaz, Condado del Rey, and Transistmica are key to the logistics of this new normal, benefiting both families and businesses that have adjusted to the digital world.
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