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.


  • Tea Leaves and Tarot
    Throughout the centuries, those who would believe--whether out of simple curiosity or basic desperation--have sought forbidden glimpses of the future. They would hold out telling palms to those who could read them or weave stories in tea leaves and porcelain cups. They ...More
    January 1, 2002 Teri L. Lanza Posted in Articles, Development, Finance
  • Self-Storage in the International Arena
    The first European self-storage facility was built in the United Kingdom in 1984, though the first self-storage facility in Continental Europe was built in Brussels at the end of the 1980s. At the beginning of the '90s, the first two French facilities were built. The first ...More
    December 1, 2001 Cesare Carcano Posted in Articles, Development
  • Eastlake's Newest and Best
    The coastline of southern California has provided many opportunities for developers over the past century. In San Diego County, the five-year-old economic recovery has brought tens of thousands of new jobs into the area and has resulted in an unprecedented need for housing. ...More
    December 1, 2001 Posted in Articles, Development
  • Vehicle Storage
    Vehicle StorageA profit-making opportunityBy Rex W. YoungThere has been a great deal written in the past few years about boat and RV storage, but often the reader is left with more questions than answers. There is a good reason for this. The vehicle-storage business is like ...More
    October 1, 2001 Rex W. Young Posted in Articles, Development
  • Inside Self-Storage Magazine 09/2001: London Calling
    London Calling By RK Kliebenstein The first order in examining this market profile was to determine the proper etiquette regarding the name of the country. Is it England, the United Kingdom, Great Britain, the U.K.? Foolish as that question may seem, I did not want to ...More
    September 1, 2001 RK Kliebenstein Posted in Articles, Development
  • Getting Started
    Getting StartedSelecting a solid site for a new self-storage business By Harold C. Leslie In today's market, it is more important than ever to do your homework before investing in a new self-storage project. Unlike the early days where you could build a project and expect ...More
    July 1, 2001 Harold C. Leslie Posted in Articles, Development
  • Potential
    Paris, France By R.K. Kliebenstein I recently returned from the annual conference and tradeshow of the Self Storage Association of the United Kingdom and Europe, held in Brussels, Belgium. While on the east side of the "big pond," I met with clients in France to ...More
    June 1, 2001 R.K. Kliebenstein Posted in Articles, Development
  • A Self-Storage Outlook
    The Fabulous San Francisco Bay Area By R.K. Kliebenstein The San Francisco Bay is 50 miles long, from three to 13 miles wide, and is entered through the Golden Gate, a strait between two peninsulas. The city is on the southern peninsula, while on the northern peninsula are ...More
    May 1, 2001 R.K. Kliebenstein Posted in Articles, Development
  • The Phase I Environmental Site Assessment
    The Phase I Environmental Site AssessmentAn overview of the process, its components, timing and pricing By Douglas A. Olson, P.E. Has your lender required you to have a Phase I environmental site assessment (ESA) conducted on your self-storage facility? Are you are thinking ...More
    May 1, 2001 Douglas A. Olson, Posted in Articles, Development
  • Financial Feasibility
    Financial FeasibilityProving it to your lender By Jim Oakley The good old days of scratching feasibility on the back of an envelope are gone. Yesterday's answers are not good enough for today's lenders. If you don't show profitability simply and clearly at the outset of ...More
    May 1, 2001 Jim Oakley Posted in Articles, Development, Finance