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.


  • The Next Level
    The Next LevelMultistory gives self-storage development a lift By Tyson Hermes and Erik Hermes The self-storage market has begun to saturate in many areas of the country. As a result, developers have found it necessary to put facilities on premium property. New developments ...More
    September 1, 2004 Tyson Hermes and Erik Hermes Posted in Articles, Development
  • Site Selection
    Site SelectionScience or seat of the pants? By RK Kliebenstein Some people are fortunate enough to have the Midas touch when it comes to selecting self-storage sites. The rest of us, however, need concrete guidelines and a lot of luck. What would constitute the ideal ...More
    September 1, 2004 RK Kliebenstein Posted in Articles, Development
  • Inside Self-Storage Magazine 07/2004: The New Face of Overbuilding
    The New Face of Overbuilding By Michael L. McCune Over the last 30 years, self-storage overbuilding has been an issue much talked about, even worried about; but so far, it hasn’t become a significant problem. The reigning consensus is if there is overbuilding in an area, ...More
    July 1, 2004 Michael L. McCune Posted in Articles, Development
  • Inside Self-Storage Magazine 07/2004: Construction Corner
    Construction Corner is a Q&A column committed to answering reader-submitted questions regarding construction and development. Inquiries may be sent to construction@ministorage.com.  Q: I recently purchased an old self-storage facility that has a long, single ...More
    July 1, 2004 Posted in Articles, Development
  • Inside Self-Storage Magazine 06/2004: Construction Corner
    Construction Corner is a Q&A column committed to answering reader-submitted questions regarding construction and development. Inquiries may be sent to construction@ministorage.com.  Q: I own a facility in Nebraska and am having the biggest problem with people ...More
    June 1, 2004 Posted in Articles, Development, Technology
  • Evaluating the Cost of Management Software
    Today’s self-storage marketplace is a hot bed of growth. Industry tradeshow attendance has more than doubled in a few short years, and the advent of automated facilities and expanding operations has brought many organizations face-to-face with state-of-the-art technology. ...More
    May 1, 2004 Andrea Medina Posted in Articles, Development, Technology
  • International Opportunities 101
    Where are the borders of the land of self-storage opportunity? Do they cross “the pond,” or are they right here in our own backyard? Recently, there has been much debate over the opportunities for U.S. self-storage developers to expand into the European and ...More
    April 1, 2004 RK Kliebenstein Posted in Articles, Development
  • The Art of Overseas Storage
    At the beginning of every year, the topic of discussion at most companies is, “How do we increase revenues?” The answers are typically the same: introduce new products, increase sales activity and—one of the newest strategies—branch out globally. The ...More
    April 1, 2004 Jon Reddick Posted in Articles, Development
  • Due Diligence in Self-Storage
    Due diligence is the process of discovery and confirmation of the financial and physical attributes of an investment property. This important process is, in all too many cases, rushed or, worse yet, skipped entirely, in the sheer excitement that accompanies the probable ...More
    February 1, 2004 John Gilliland Posted in Articles, Development
  • Spring Surprise for U.K. Self-Storage
    This spring, we’ll all be running round like mad March hares. For those of us in self-storage, our fill rates should be only going one way—upward. So cheer up and think about new marketing initiatives to make the most of the seasonal uplift in the home ...More
    February 1, 2004 Andrew Donaldson Posted in Articles, Development