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 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
  • REAL ESTATE
    If you have a sale, grand opening, groundbreaking or other real estate transaction you would like listed here, e-mail storagenews@vpico.com . All Size Storage, a 56,016-square-foot self-storage facility in Sacramento, Calif., recently sold for $4.95 million to an individual ...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
  • 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
  • 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
  • STORAGE SPEAK
    This issue of Inside Self-Storage focuses on construction and development—a sizzling industry topic. Easily half the inquiries we receive are about choosing a storage site, buying land or facilities, and constructing new buildings. The process is chock-a-block with ...More
    September 21, 2006 Teri L. Lanza, ISS Business Development Manager 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
  • 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