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.
The Future of Canadian Self-Storage
Although the credit crunch has created a pause in lending, the self-storage industry in Canada has remained healthy—occupancy and rental rates are climbing, and development is being absorbed. Operators are expected to begin focusing on building local portfolios. ...More
Self-Storage Finance: A Year in Review
The current view from the street (summer 2008) is pretty grim. One only needs to browse daily business headlines to recognize the severity of the nation’s economic situation. The “credit crunch” has gone from Wall Street to Main Street, and is leaving the ...More
Supplier Spotlight: The Rabco Corp.
Nearly a year ago, The Rabco Corp. celebrated its 20th anniversary. Not only was it a time for reflection, but also a chance to look forward to the next 20 years. With rising material costs and an increase in competition, Rabco stands above the crowd with years of ...More
The Benefits of Developing Condominium Self-Storage
Owners of expensive recreational vehicles, collectible cars and boats are turning to a relatively new concept in self-storage—condominiums. After shelling out big bucks for a big toy, these owners don’t balk at paying $60,000, $75,000 or even $100,000 for a secure place to ...More
Demand Drives RV-Storage Conversion in Arizona
U.S. Door & Building Components teams with Caliber Metal Buildings to create unique self-storage facility in near Lake Havasu, Ariz. ...More
Restoring Your Self-Storage Facility to its Former Glory
While most older self-storage facilities may still function well, they might not be maximizing their potential to effectively compete for market share. ...More
Self-Storage Feasibility Boils Down to Site Quality, Market Dynamics and Financial Performance
Self-storage success depends on the outcome of a thorough feasibility study that covers site quality, market dynamics and financial performance. ...More
Self-Storage Developer Tackles LEED Project in Texas
sustainable-design construction. ...More
Green Building in Self-Storage: Sustainability and Environmentally Friendly Options
Self-storage developers take a stab at sustainability and explore environmentally friendly options for construction. ...More
Facility Spotlight: Advantage Self Storage, Middletown, N.Y.
Developer tackles design and landscape challenges to build multi-use self-storage site in New York. ...More