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
    Colorado Springs Metropolitan Statistical Area, which encompasses El Paso County, sits at the foot of Pikes Peak in east central Colorado, approximately 70 miles south of Denver. The area was established as a posh resort community teeming with activities and attractions—and ...More
    September 21, 2006 Self-Storage Data Services Inc. Posted in Articles, Development
  • Is the Self-Storage Industry Overbuilt?
    Many real estate pundits claim the self-storage industry, which thrives on storing people’s clutter, is in danger of being cluttered itself. The perception stems from many reasons, the most dominant being that self-storage—having few infrastructural requirements—is easier ...More
    September 21, 2006 Andy Hyde Posted in Articles, Development
  • Three Is a Magic Number
    Building a self-storage facility can be vexing at times, particularly if it’s an owner’s first project. New entrepreneurs are often surprised by the number of steps and people involved. For the best outcome, it’s best to view the whole project—from development to ...More
    September 21, 2006 Terry Campbell Posted in Articles, Development
  • Punta Gordo Facility Wins Post-Charley Chamber Award
    Thanks to its recuperative efforts in the wake of 2004’s Hurricane Charley, Quality Self Storage received one of two business awards bestowed by the Punta Gorda (Fla.) Chamber of Commerce. ...More
    September 19, 2006 Posted in News, Development
  • NDS Allies With Building-Component Companies
    Design/build contractor NDS Construction has become an independent authorized dealer for two building-component companies, Hi-Tech Tilt and Rigid Building Systems. ...More
    September 13, 2006 Posted in News, Development
  • DSI Expands New Divisions
    San Clemente, Calif.-based Development Services Inc. (DSI), which specializes in self-storage and RV/boat-storage consulting, expanded two new divisions to provide services nationwide. ...More
    September 7, 2006 Posted in News, Development
  • Performance and Tenancy Booms
    Is the self-storage industry headed toward another big development cycle similar to the one in the late 1990s? The high prices investors have been paying for self-storage in many markets represent a significant premium over replacement costs. In market conditions like this, ...More
    September 1, 2006 Charles Ray Wilson Posted in Articles, Development
  • United Stor-All Forms JV With Harrison St. REC
    United Stor-All Centers has formed a joint venture with Harrison Street Real Estate Capital LLC of Chicago to target the acquisition, development and redevelopment of storage properties throughout the United States. ...More
    August 3, 2006 Posted in News, Development
  • Reno-Sparks, Nev.
    The area along the eastern slopes of the Sierra Nevada Mountains in western Nevada is growing, according to metropolitan area statistics. Beyond being a gaming destination with world-class vacation and recreational amenities, the region is home to a thriving business ...More
    July 10, 2006 Self-Storage Data Services Inc. Posted in Articles, Development
  • Pay Now or Later
    The following is an excerpt from Mr. Kliebenstein’s new book, How to Make Money in Self-Storage, set for 2007 publication. Reducing maintenance costs begins while the project is still on paper, in conceptual drawings. Important decisions about materials, from exterior metal ...More
    July 10, 2006 RK Kliebenstein Posted in Articles, Development