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.


  • 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
  • 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
  • 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
  • Supply & Demand
    The most recent buzz in the self-storage world centers around overbuilding and, in financial circles, market saturation. The real question seems to be: When and where has a market reached equilibrium in terms of supply and demand? What about square foot per capita? This ...More
    February 1, 2004 RK Kliebenstein Posted in Articles, Development
  • Assorted Assets
    For the next two months, every magazine you put in your hot little hands will have something trite to say about the holidays, the impending New Year, resolutions and all that jazz. But what is so new about the New Year? The older you get, the faster the years go by—there’s ...More
    December 1, 2003 Teri L. Lanza Posted in Articles, Development
  • U.K. Storage Development: Leave No Stone Unturned
    What does it take to fill a facility? To those who ask me the question, I answer: Unearth every stone, chase down every opportunity, close every deal, and generate as many as possible leads and projects as you can—together with creating awareness of your brand and ...More
    December 1, 2003 Andrew Donaldson Posted in Articles, Development
  • Growing European Self-Storage
    Without a doubt, there are fantastic opportunities for self-storage in Europe. The comparisons with the United States are often touted as a justification for this conclusion. The most well-known of those comparative figures is the United States has about 4 square feet to 5 ...More
    November 1, 2003 Michael Homan Posted in Articles, Development
  • The Self-Storage Joint Venture
    Recent stock market meltdowns have caused investors many sleepless nights. Overnight, they find an earthquake in their IRA account. Years of saving for retirement are wiped out without warning. Yet the self-storage investment remains virtually undisturbed by perturbations ...More
    November 1, 2003 Jim Oakley Posted in Articles, Development, Finance
  • The Zoning Process
    Zoning laws come into play in almost every real estate development project. Zoning laws and regulations are those that govern how a property can be used and developed. Local governments adopt zoning regulations to set development standards for properties within their ...More
    September 1, 2003 Bruce Jordan Posted in Articles, Development