Development

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.


  • A View From the Street: Keeping Your Balance on the New Playing Field
    We all know the business adage about how a level playing field allows for fair competition. Given 2007’s financial turmoil, the turf for self-storage real estate financing and property transactions is still level, but at a dramatically different point of balance than ...More
    March 1, 2008 Shawn Hill and Minh Tran Posted in Articles, Development, Finance, Real Estate
  • X Marks the Storage Spot
    Inexperienced developers often think a site’s success is a sure bet if all competing self-storage facilities in a market are renting at or near capacity. Others think that if there are no climate-controlled facilities in a market, they’ll strike gold by building one. ...More
    February 1, 2008 Jeffrey Supnick Posted in Articles, Development
  • National Storage Center of Redford, Mich., Wins Beautification Award
    National Storage Center of Redford, Mich., a self-storage facility developed and managed by Pogoda Cos., received a 2007 Business Beautification Award from the Redford Township Chamber of Commerce. ...More
    November 19, 2007 Posted in News, Construction, Development
  • ISS Flash Report: San Diego
    The San Diego metropolitan statistical area is the 17th largest in the nation. From an economy largely dominated by defense and military expenditures, the city’s industries have transformed into a diverse mix of high-technology commercial endeavors. Some of these sectors ...More
    November 9, 2007 Self Storage Data Services Inc. Posted in Articles, Development, Real Estate
  • World View
    Public Storage to Develop Canadian Property Public Storage Canadian Properties, owner of self-storage facilities in four provinces, acquired a parcel of land in Oakville, Ont., for $6.8 million, reported The Canadian Press in August. The company will develop the property ...More
    November 1, 2007 Posted in Articles, Development
  • ISS Flash Report
    The Stockton-Lodi, Calif., metropolitan statistical area (MSA) is the 80th-largest in the United States. It encompasses San JoaquinCounty, covering more than 1,400 square miles. It's geographical positioned in a dynamic growth corridor ideally situated for business and ...More
    October 1, 2007 Self Storage Data Services Inc. Posted in Articles, Development
  • ISS Flash Report
    The Oxnard-Thousand Oaks-Ventura metropolitan statistical area (MSA) boundaries encompass all of Ventura County, Calif. The metro area is comprised of two key population centers: the Oxnard Plain and the Conejo/Simi Valleys. It also contains the rural regions of Santa Clara ...More
    September 1, 2007 Self Storage Data Services Inc. Posted in Articles, Development
  • People
    If you have a staff-related announcement such as a promotion, new hire or award you would like to include in the magazine, send an e-mail to storagenews@vpico.com. High-resolution, digital photos are appreciated. Trachte Adds Eight to Staff Andrew Hoffman accepted the ...More
    September 1, 2007 Posted in Articles, Development
  • Basics for the First-Time Builder
    My grandparents traveled to their home in South Dakota in a covered wagon, but my daughter has never seen a day when a cell phone was not readily available to call anywhere on the planet. What a dynamic world we live in! Even the self-storage industry has experienced ...More
    September 1, 2007 Donna May Posted in Articles, Development
  • Mixed-Use Development
    As a land use, self-storage has historically stood alone on its sites. But as the industry matures, owners and developers are finding new opportunities in mixed-use developments that incorporate other land uses. There are several reasons why this trend is increasing. The ...More
    September 1, 2007 Ariel Valli Posted in Articles, Development