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.
State of the Industry ReportA look into the year 2000
State of the Industry ReportA look into the year 2000 By Teri L. Lanza "I never think of the future. It comes soon enough." ~Albert Einstein That it does. A year ago, Inside Self-Storage conferred with industry experts--crooned to the crystal ball, so to speak--in ...More
The Riddle of 'Location'
The Riddle of 'Location' By Harley Rolfe The buzz these days is playing Q & A--you give the answer, then guess the question. Ready? Here's the answer: Location, location, location. I know, you've heard that one, but an old adage applies here: "You have to ask the ...More
Buying Contaminated?Effectively managing environmental issues that affect property purchases
Buying Contaminated?Effectively managing environmental issues that affect property purchases By Michael D. Frede Many people involved with real estate in the self-storage industry are familiar with how environmental liabilities can significantly affect the profitability and ...More
Wrap it Up...
Wrap it Up... I have one of those mothers who spends more time wrapping her holiday gifts than she actually spends picking them out. She's meticulous. The paper must be appropriate to the receiving individual. The ribbon must be an impeccable match. Don't forget the ...More
Store Wars: The Saga ContinuesA development update on self-storage in Phoenix
Store Wars: The Saga ContinuesA development update on self-storage in Phoenix The Phoenix real-estate market is in its sixth year of a flourishing self-storage boom. The most elusive element with any cycle is knowing when it has reached its peak and the slide downward has ...More
1999 Spotlight on Top Operators
1999 Spotlight on Top Operators This year in our August issue of Inside Self-Storage, we were pleased to identify 116 of the nation's top self-storage operators in our annual Top Operator List. At the very top of that list are 10 companies that represent superior quality in ...More
Inside Self-Storage 9/99: DOMICO
DOMICOThe Future of Self-Storage Software DOMICO, a provider of management software to the self-storage industry, is celebrating its 15th anniversary this year. This fall the company will release its third product, DOMICO 2000, which will incorporate all of the ...More
Inside Self-Storage 4/99: National Development Services Inc.
National Development Services Inc.Designing and building a future in self-storage A developer of self-storage facilities, National Development Services Inc. (NDS) has completed more than 125 projects throughout the United States since the company's inception in 1987--that's ...More
High Maintenance You get out what you put in. Ever hear that? Of course you have. Whether you're talking about a class, a computer, a car, a relationship or your own business, if you don't take care of it, it won't take care of you. My first car was a 1973 Dodge Dart, lime ...More
Green Valley Self-StorageTaking a dream to the bank
Green Valley Self-StorageTaking a dream to the bank Green Valley Self-Storage, nestled in the gently rolling, green hills of central Ohio, simply began as a dream in 1993, then turned into reality in 1995. After attending an Inside Self-Storage Expo in Las Vegas, owner Gary ...More