The development of a self-storage facility generally begins with a comprehensive market analysis of the proposed project area. New owners and/or developers will usually hire a third-party specialist to conduct a detailed feasibility study, which will identify market demographics and other key metrics to determine the viability of self-storage in a particular location. Once a site is chosen, an engineer and architect are hired to design a self-storage facility that will maximize the investment in the land, including the site layout and unit mix. The developer, builder and/or owner may need to meet with local residents and the planning and zoning board to discuss the community impact of the project and the aesthetics of the individual buildings, including landscaping, building height, door color, etc. Owners might consider a multi-story building to maximize their footprint, or converting a building from another use to self-storage to widen their options.
- Real Estate Market Snapshot: Self-Storage in the Western States
- Westy Self Storage Celebrates 20 Years, Builds 17th Facility
- Assured Self Storage Buys Land to Build in Arlington, Texas
- My Storage Opens $1.7M Self-Storage Facility in Patong, Thailand
- Surprise, Ariz., Council Expresses Concern Over Self-Storage Development Near City Hall
- Kane Self Storage Cell Tower Opposed by Residents, Debated in Committee
- Lok'nStore Group Options to Acquire Land for Self-Storage Facility in England
- Self-Storage Facility Approved in Gouverneur, N.Y.
- Sovran Self Storage Looking for the Right Properties for Future Acquisitions
- CITYSpace on Main Self-Storage Opens in Louisville, Holds Grand Opening