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.


  • 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
  • Opening a New Facility
    Preparing and opening a self-storage store may seem like a simple task--until you actually begin the process. What most people do not predict are the special "surprises" every development project contains. About 90 days before a self-storage opening, there is a little extra ...More
    July 1, 2003 RK Kliebenstein Posted in Articles, Development
  • International Business Forum
    At the 2003 Inside Self-Storage Expo in Las Vegas, three U.S. self-storage veterans discussed their perspectives on the growing self-storage market in the United Kingdom and Europe. In a unique International Business Forum, Ken Nitzberg, chairman and CEO of Devon Self ...More
    July 1, 2003 Posted in Articles, Development
  • Set 'Em Up and Sell 'Em On: Euro Self-Storage
    When referring to self-storage, the phrase "set 'em up and sell 'em on" makes the whole business sound so simple. Last year's acquisition of Aardvark Self Storage Ltd. and Rent-A-Space by Mentmore PLC demonstrated the "sell-out" most dream of may have been oversold. But the ...More
    June 1, 2003 Andrew Donaldson Posted in Articles, Development
  • European Self-Storage: Climb on the Bandwagon
    In 1999, studies revealed that for the European self-storage market to reach a facility-saturation rate equal to just 50 percent of that in the United States, 18,865 self-storage facilities needed to be built in Europe within 20 years. This means building 2.6 facilities a ...More
    June 1, 2003 Cesara Carcano Posted in Articles, Development
  • Euro-Zone Needs Storage
    Six hectic and eventful years have passed since my arrival in England from Australia. Business takes me on regular "flying visits," where as soon as I am out of one office, I am in another airport lounge ready for take-off. This past summer, however, I piled my family into ...More
    April 1, 2003 Jonathan Perrin Posted in Articles, Development