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The development of a self-storage facility generally begins with a comprehensive market analysis of the proposed project area, followed by assembling a strong team, and working with municipalities to meet zoning, design and code requirements. Owners might consider
a multi-story building to maximize their footprint, or select a mixed-use project to widen their options.
It’s an exciting time for self-storage development! Ground-up sites and conversion projects are opening across the globe as more investors join the industry and existing owners expand their portfolios. But as anyone who’s built storage facilities...
When deciding whether to move forward with new self-storage development, you need a lot of information about the market in general and proposed site in particular. A feasibility study helps you determine whether a project is financially viable.
Stuf, a startup business that partners with commercial-property owners to convert unused space to self-storage, has added two locations in San Francisco and Oakland, California. Both are in the basements of commercial buildings and will serve...
Hines, an international real estate development, investment and management firm, has launched Hines U.S. Property Partners (HUSPP), a new, open-ended fund focused on industrial, life-sciences, mixed-use, multi-family, office, self-storage and...
Anything can happen during the construction of a self-storage facility, from bad weather and material-delivery delays to subcontractors who fall behind. To keep your project from being derailed, you need to prepare—and follow—a detailed timeline...
The Sun Belt is typically strong for self-storage performance, but the two largest cities in Arizona continually defy already high industry expectations. Read why owners and investors remain bullish on Phoenix and Tucson as hot markets—in more...
The city of Loveland, Colorado, voted unanimously on July 20 to ban self-storage development from a 92-acre parcel it owns to the southwest of Colorado State Highway 402 and Interstate 25, known as the Ehrlich Addition. The injunction aims to make...
Choosing a site on which to build a self-storage facility is more complicated than it once was. When considering a property for development, keep these eight factors in mind.
Real estate investment firm Heitman LLC has raised $3.2 billion to launch three new funds that will seek commercial real estate investments focused on apartments, medical offices, senior and student housing, self-storage and warehouses. It will...
Officials in Coral Springs, Florida, this week will consider whether to allow self-storage in the city’s Neighborhood Business Zoning District (NBZD) under conditional use. Currently, facilities are only permitted in the interior of Corporate Park...