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.
Chicagoland Self-Storage Operator LifeStorage to Open New Facility in May
Chicagoland self-storage operator LifeStorage will open a new facility, converted from office space, in the River North neighborhood of Chicago on May 15. ...More
ISS Partners With Cushman & Wakefield to Offer Industry-Performance Reports
After great anticipation, Inside Self-Storage is extremely pleased to announce its partnership with Cushman & Wakefield, one of the world's largest privately held commercial real estate services firms, in the delivery of detailed industry performance reports for ...More
Upstate N.Y. Planning Board Remains Neutral in Decision About Self-Storage Facility
The planning board in Fulton County, N.Y., is staying neutral about a variance for a proposed self-storage facility just west of the city of Gloversville in the adjacent city of Johnstown. ...More
Self-Storage Project in Rural Michigan Awaits Planning Approval Amid Public Opposition
A revised proposal for a self-storage project in Lyndon Township, Mich., is awaiting approval from the local planning commission, which tabled a vote for a second straight month Thursday night. As reason for the delay, the commission cited the township planning consultant's ...More
New ADA Standards Go Into Effect for Self-Storage on March 15
As of March 15, the self-storage industry will be required to follow the Americans With Disabilities Act (ADA) regulations passed in 2010, unless a property already meets the original ADA standards written in 1991. Any renovations or development of new facilities must be ...More
Self-Storage Developer Flagship Investment Group Names New Senior VP of Acquisitions
Flagship Investment Group LLC, a private real estate investment company focused on self-storage and other ventures, named Steve Hryszko as senior vice president, acquisitions. Hryszko will lead the company’s national acquisition activity in self-storage. ...More
Self-Storage Planned in Upscale Mixed-Use Area in Loveland, Colo.
Self Storage @ Centerra, a $5 million, 780-unit self-storage project deemed "upscale" by its developers, is slated for construction at the Centerra mixed-use retail, office and residential complex in Loveland, Colo. The recent $1.4 million sale of 8 acres at E. 37th Street ...More
ezStorage Expands Self-Storage Facility in Randallstown, Md.
ezStorage Corp., a self-storage company with more than 40 facilities throughout Maryland, Virginia and Washington, D.C., is expanding with the addition of 40 units to its drive-through facility in Randallstown, Maryland. ...More
New Self-Storage Facility in Panama City, Panama, Hosts Grand Opening
Panama City, Panama, is home to a new Red Box self-storage facility composed of climate-controlled and traditional units, as the facility recently hosted its grand opening. ...More
Planner, Neighbors Disagree on Proposed Self-Storage Site in Ontario, Canada
A developer who would like to convert the site of a former Catholic school in Sarnia, Ontario, Canada, into a self-storage facility is facing opposition from the city planner, who wants the city council to refuse the developer's rezoning application at a public hearing this ...More