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.


  • Passco Enters Self-Storage Market
    Irvine, Calif., Passco Companies Development has formed a joint venture with an existing company to enter the self-storage market. The new enterprise, Patriot Self-Storage Management, expects to develop up to $90 million in facilities nationwide. ...More
    April 10, 2007 Posted in News, Development
  • Hungry for Development?
    People with a track record in other business types often think self-storage is no different than anything else. Investors who enter the business with an open mind and a willingness to learn from experts have a much greater chance to meet goals quickly and successfully. True ...More
    April 2, 2007 Ray McRae Posted in Articles, Development
  • ISS Flash Report
    Read more... ...More
    April 2, 2007 Self Storage Data Services Inc. Posted in Articles, Development
  • Morningstar Aligns With HSRE for Carolina Acquisitions, Development
    Morningstar Properties has formed a strategic joint venture with Harrison Street Real Estate Capital to focus on the acquisition, development and redevelopment of self-storage facilities primarily in the Carolinas. ...More
    March 12, 2007 Posted in News, Development, Real Estate
  • ISS FLASH REPORT
    The Fresno metropolitan statistical area (MSA) includes Fresno County in California’s Central Valley. Fresno has over a million irrigated acres dedicated to agriculture, making it a leading agribusiness hub. The area’s key location makes it a base for distribution and ...More
    March 1, 2007 Self Storage Data Services Inc. Posted in Articles, Development
  • SUPPLIER SPOTLIGHT
    The rebuilding of Sure Save USA Storage in downtown New Orleans is one of the most important projects undertaken by SBS Construction & Development in its 10-year history, say company officials. The facility was 62 percent complete when Hurricane Katrina ripped through ...More
    March 1, 2007 Elaine Foxwell Posted in Articles, Development
  • Educational Resources Launches Self-Storage Development Cruise
    Educational Resources LLC has launched “Cruising to Self-Storage Development Profits," April 16-20, 2007, a combined seminar and cruise that will teach attendees about investing in the business. ...More
    February 9, 2007 Posted in News, Development
  • Consider the Feasibilities
    Many in the self-storage business feel they already face too much competition. Some submarkets throughout the United Sates are indeed overbuilt with occupancy rates below historic patterns. Yet, the industry still affords numerous opportunities, and owning and operating a ...More
    February 1, 2007 Jim Chiswell Posted in Articles, Development
  • Proactive Site Selection
    Instead of reacting to a self-storage site presented to you by a broker, consider this: Have you first gone out and proactively researched the market to decide where you want to be located? If you know your market well, you may have instinctively decided where you want to ...More
    February 1, 2007 Nick Malagisi Posted in Articles, Development
  • ALL ABOUT STORAGE
    We’ve all heard business success depends on location. But even the best perch in the world can’t promise a pot of gold. Achieving facility occupancies and financial goals takes planning. While nobody has a magical equation for self-storage, several known factors contribute ...More
    February 1, 2007 Cheryl Kelley Posted in Articles, Development, Finance