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.


  • O'Neil Software Inc.
    O'NEIL SOFTWARE INC., IN ITS 20 YEARS providing records-storage solutions, has worked with hundreds of people in different aspects of the records-storage, self-storage and moving and storage industries. Clients range from the industry veteran with many years of experience ...More
    May 1, 2002 Posted in Articles, Development, Technology
  • Financial Feasibility of Records Storage
    Until now, the underlying profitability of records storage has little surfaced or been presented in a comprehensive cash-flow model. Moreover, the financial advantage of codeveloping records storage with self-storage needs to be made clear. The purpose of this article is to ...More
    April 1, 2002 Jim Oakley Posted in Articles, Development, Finance
  • Noah's G.P. Inc.
    Many people bemoan having to "work for a living" and simply dread waking to the alarm at 6:30 a.m. on Monday morning. It is rare to encounter a person who exudes so much passion and excitement about his work it is contagious. But Mike Parham, founder and president of Noah's ...More
    February 1, 2002 Jeff Eckols Posted in Articles, Development
  • Due Diligence
    The essence of any good real estate transaction is due diligence, a "cat and mouse"-like game played between buyers and sellers, lenders and borrowers that defines the risks in a transaction. Buyers and sellers alike can benefit from knowing more about the due-diligence ...More
    February 1, 2002 RK Kliebenstein Posted in Articles, Development
  • Feasibility Studies
    Is it always necessary to conduct a feasibility study when developing a self-storage project? If you meet any of the following criteria, you probably do not need to seek a self-storage professional to analyze your project: Your great Aunt Martha is richer than God, has only ...More
    February 1, 2002 RK Kliebenstein Posted in Articles, Development
  • State Of The Industry Report 2002
    Jim Chiswell was with a client during the early morning hours of Sept. 11 when he heard about a plane crashing into the World Trade Center. "From the second floor of this building in New Jersey, we watched the second plane hit, not knowing what it was," says Chiswell, of ...More
    January 1, 2002 Amy Campbell Posted in Articles, Development, Finance
  • 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
  • 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
  • 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
  • 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