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.


  • Site Selection Makes or Breaks the Deal
    Selecting the correct site for a self-storage facility is the most important decision an owner has to make. Let me repeat: Selecting the correct site for a self-storage facility is the most important decision an owner has to make. Why? Because everything else depends on it. ...More
    September 1, 2007 Terry Campbell Posted in Articles, Development
  • A View From the Street
    The “build it and they will come” philosophy only works when written into a movie with Kevin Costner luring scores of fans to his “field of dreams.” But the days of constructing a successful self-storage facility on some unused portion of Uncle Joe’s land are over. If you ...More
    September 1, 2007 Neal Gussis and Minh Tran Posted in Articles, Development
  • Building a Future in Self-Storage
    Across the country, entrepreneurs are talking about self-storage. The buzz is investing in this business can be very profitable. What's more, seasoned investors aren’t the only ones with their eye on the prize. With lower building and management costs than other real estate ...More
    September 1, 2007 Dean Brown Posted in Articles, Development
  • From the Editor
    Every self-storage business, new and established, needs stuff. All kinds of stuff. From the massive fundamentals such as land and building components, to the smaller but critical essentials like door numbers, bollard covers and pest-control products. Thanks to the power of ...More
    August 1, 2007 Posted in Articles, Development
  • 180 Development Joins Forces With Morningstar and HSRE for Southwest Self-Storage Investments
    180 Development Services LLC has formed a strategic alliance with Morningstar Properties LLC and Harrison Street Real Estate Capital to invest in self-storage throughout the Southwest. ...More
    July 24, 2007 Posted in News, Development, Real Estate
  • 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. Bancap Honors Touhey’s 10th Anniversary Carl Touhey of Bancap ...More
    July 2, 2007 Posted in Articles, Development
  • ISS Flash Report
    Jackson is the capital and most populous city in Mississippi. The Jackson metropolitan statistical area (MSA) includes Copiah, Hinds, Madison, Rankin and Simpson counties. Jackson is home to several major industries: electrical equipment and machinery, processed food, and ...More
    July 2, 2007 Self Storage Data Services Inc. Posted in Articles, Development
  • Media Watchdog
    As the self-storage industry permeates our communities, it receives increasing attention from mainstream media outlets—and not always favorably. As industry professionals, we should be aware of how self-storage is presented to the public. Media Watchdog is devoted to ...More
    June 1, 2007 Posted in Articles, Development
  • ISS Flash Report
    The Omaha-Council Bluffs, Neb.-Iowa, metropolitan statistical area (MSA) is the 60th -largest MSA in the United States. Eight counties, five in Nebraska and three across the Missouri River in Iowa, form this MSA. The areas growing economy, primarily based on agriculture, is ...More
    May 1, 2007 Self Storage Data Services Inc. Posted in Articles, Development
  • 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