The Value of Conversion
Existing industrial buildings with enough ceiling height can sometimes be converted to multi-story self-storage construction. Due to their advantages, internal, multi-story conversions have spurred self-storage development in many cities.
Existing buildings can often provide a great location with built-in traffic. Every day, we find available buildings in proximity to large shopping centers―ideal locations for self-storage development. In addition, it often takes less time to complete a conversion project. A multi-story conversion can often be done in half the time of a ground-up, high-rise build. Finally, because 90 percent of the work is done inside the existing building, weather does not interfere with installation schedules.
Our U.S. counterparts have gained a lot of knowledge as the self-storage industry has grown into the thriving entity it is today. Canadians have not overlooked the U.S. discovery that multi-story developments are often good investments. As result, we’re seeing facilities rise wherever the population density will support them and their massive margins.
Shawn Baker is the president of Ontario, Canada-based Canadian Metal Manufacturing Inc., which develops turnkey self-storage systems. Established in 1999 as a metal fabricator, the company has been in the self-storage industry since 2003. For more information, call 888.951.1762; visit www.canadianmetal.ca.