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In today’s competitive self-storage market, customers won’t automatically come to your facility—where you choose to build is key. Here’s an overview of the site-selection process and how it impacts project viability.
If you’re considering a new self-storage project, a comprehensive feasibility study is a must. But before you hire a professional to conduct one, you have your own homework to do. Here’s an overview to get you started.
Audits are a necessary part of owning a self-storage business, yet many owners don’t do them. It’s time to take a proactive approach. Here’s a look at three types of audits as well as red flags that could signal your business is in trouble.
From the outside looking into our industry, the process of developing and managing a self-storage business looks simple. But today, it’s anything but. If you’re considering the purchase of an established facility or building a new complex, having...
Much like any commercial development, self-storage construction can be complicated, full of challenges and try even an experienced builder’s patience. Here are six preconceived myths about developing self-storage, and what you really need to know.
When Blair and Timarie Thompson decided to build a business on their 5-acre parcel of land in Lewes, Del., they suspected self-storage was the right fit; but being first-time property developers, there was a lot they didn’t know. This article...
Finding a good site for new self-storage construction has become difficult in many markets, as available land is scarce and competition plentiful. If you’re planning to build a facility, here are some factors to consider during site selection.
A feasibility study can help a self-storage developer or owner understand the truth about a potential site, investment and market. With this information in hand, you’ll be ready to develop the best project or move on to the next opportunity.
The window of opportunity for self-storage developers to capitalize on favorable market conditions may be a short one. While interest rates, loan terms, capitalization rates, and facility rental rates and occupancy levels are all currently...
Attendees of the concurrent education program at the Inside Self-Storage World Expo in Las Vegas on April 1 will have the opportunity to participate in a three-session Game-Show Learning Track inspired by the classic TV programs Family Feud...