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.


  • Success in Self-Storage Real Estate: It’s Who You Know
    Whether it’s self-storage or another commercial asset, a property’s location is a key foundation for success, followed closely by well-managed operations and maintenance. In addition, there’s a famous saying that applies particularly to any real ...More
    May 23, 2008 Neal Gussis and Aaron Swerdlin Posted in Articles, Development
  • Tricky Business: Self-Storage Site Layout
    Planning your self-storage site layout can be tricky. It can make or cost you money. Your key factor is to remember you are building your storage business for the marketplace and your customers, so don’t make decisions based entirely on construction costs. Build Your ...More
    May 16, 2008 George Gray Posted in Articles, Development
  • Insight to Self-Storage Real Estate in 2008
    The first month of 2008 was beset with significant financial and political "rock-n-roll." If you are like me, much of it doesn’t seem to fit into a neat package and signifies what the rest of the year will bring. However, if you will indulge me, I will give you two thoughts ...More
    April 21, 2008 Michael L. McCune Posted in Articles, Development, Finance, Real Estate
  • Canadian Self-Storage: Developers Realize the Prize
    Canadian storage markets are bursting at the seams as skyrocketing consumer demand drives the building of new facilities. Unit rates have steadily increased as Canadian developers discover a mother lode of gold in the industry. Over the past 10 years, there has been ...More
    April 19, 2008 Richard Leach Posted in Articles, Development
  • Former Shurgard Execs Form New Self-Storage Venture
    West Coast Self Storage Group, comprised of former executives of Shurgard Self Storage, has entered a joint venture with Catalyst Storage Partners to develop and acquire self-storage projects in major markets in the western United States. West Coast will find, develop, ...More
    March 11, 2008 Posted in News, Development
  • 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