Israelis Seek Secure Storage Amid Rising Tensions

Demand for safe deposit box rentals in Israel has surged by approximately 200% in the week following increased tensions with Iran, according to data from Brickstone, a company specializing in secure storage. This rise reflects a broader trend of Israelis seeking to safeguard documents, valuables, and digital assets outside their homes during periods of security and economic uncertainty.

Brickstone reported that around 80% of new renters are storing items of emotional and documentary value, including legal documents, certificates, passports, and private collections. Additionally, about 10% of clients are using the safe deposit boxes to store hardware for managing digital currency accounts. This indicates a shift in perception, with safe deposit boxes now seen as protection for sentimental items and important paperwork, not just high-value assets.

The company, which operates facilities in Tel Aviv and Jerusalem, has also introduced a new automated vault system called "Brickstone 3." This system, developed with Gunnebo and costing approximately 5 million shekels, uses a robot to deliver the safe deposit box to a private room for access, enhancing privacy and security. Access to the facilities involves multi-factor authentication, including personal cards, fingerprint scans, and secret codes, coupled with advanced surveillance systems.

While the recent spike in demand is linked to the Iran tensions, Brickstone notes that changes in the banking system also contribute to the trend. The company emphasizes that secure storage is becoming a more integrated service, combining advanced security, technology, and discretion to meet the evolving needs of Israelis concerned about theft, fire, or other damage to their important possessions.