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.


  • ISS FLASH REPORT
    The Boise-Nampa, Idaho metropolitan statistical area (MSA) encompasses Ada, Boise, Canyon, Gem and Owyhee counties and has more than 18,000 businesses. Trade, utilities and transportation is the largest employment sector, followed in order by professional and business ...More
    January 2, 2007 Self-Storage Data Services Inc. Posted in Articles, Development
  • REAL ESTATE ROUNDUP
    Marketing experts profess the easiest way to sell is by eliminating your competitors—although this is certainly extreme and not completely practical advice. Reading this magazine’s articles on Yellow Pages ads, Internet access, flashing signs, decorative sales areas and ...More
    January 2, 2007 Michael L. McCune Posted in Articles, Development
  • ISS FLASH REPORT
    The Grand Rapids-Wyoming Metropolitan Statistical Area encompasses the west Michigan counties of Barry, Ionia, Kent and Newaygo. The city of Grand Rapids is its urban center. Manufacturing, education, health, social services and retail trade are key employment sectors. ...More
    December 1, 2006 Self-Storage Data Services Inc. Posted in Articles, Development
  • Investors’ Paradise
    In most regions of the country, self-storage has strengthened and will continue to improve well into 2007. A number of factors will bolster the sector, including access to relatively cheap capital. In addition, people priced out of the housing market and into rental ...More
    November 7, 2006 Steven M. Ekovich Posted in Articles, Development
  • Do Your Homework!
    I recently spoke with someone new to the industry who was certain he owned the best development site on the planet. When I asked about his feasibility study, he sternly told me his county was the “fastest growing in America,” all local competitors were completely full, and ...More
    November 7, 2006 Benjamin Burkhart Posted in Articles, Development, Finance
  • DBCi Announces Business Development Award Winner
    Douglasville, Ga.-based DBCi (Doors & Building Components Inc.) presented Jack Robbins with the company’s 2006 Business Development Award. ...More
    November 6, 2006 Posted in News, Development
  • ISS Vegas Expo Offers Classes on Self-Storage Development
    Three different classes regarding self-storage development will be conducted at the Inside Self-Storage Las Vegas Expo, Feb. 20-23, at Mandalay Bay Resort & Casino. ...More
    October 26, 2006 Posted in News, Development
  • ISS FLASH REPORT
    Bridgeport-Stamford-Norwalk, Conn. By Self-Storage Data Services Inc. The Bridgeport-Stamford-Norwalk, Conn., metropolitan statistical area encompasses 25 cities and towns located in the southernmost area of New England. The region is influenced by its New England heritage ...More
    October 19, 2006 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. Campbell Promoted to Digitech Account Manager Digitech ...More
    October 19, 2006 Posted in Articles, Development
  • The South-Central States
    Our roundtable of experts gathered this month to discuss the South Central United States. I’ve asked local broker affiliates to summarize the current self-storage market in their areas and share thoughts on what the future may hold. Gulf Coast States Bill Barnhill and ...More
    October 19, 2006 Mike McCune Posted in Articles, Development