Development

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.

Self-Storage REIT CubeSmart CEO Expects Pressure From New Supply to Drop in 2020

Oct 30, 2019

Chris Marr, president and CEO of publicly traded self-storage real estate investment trust (REIT) CubeSmart, announced last week that he expects pressure from new supply to lessen next year. Marr made the declaration during an Oct. 25 call to...

Hats Off to the Self-Storage Professionals Who Personify the Hard-Hat Mentality

Oct 25, 2019

On the 100th anniversary of the hard hat, we pause to tip our brim to the literal and symbolic ways self-storage professionals embody the iconic headgear.

LockBox Storage Build and Expands in Iowa, Nebraska

Oct 25, 2019

Real estate firm McGregor Interests Inc. (MII), which operates 10 self-storage facilities in Iowa and Nebraska under the LockBox Storage brand, is working on four development projects, including a conversion, two expansions of existing facilities...

The Rise of ‘Lifestyle Storage’ and the Evolution of Facility Use and Design

Oct 25, 2019

Self-storage design has evolved greatly. Gone are dingy industrial-looking sites. These days, we have upscale locations dedicated to customer convenience and amenities. Learn about the design of these new “lifestyle storage” facilities and where...

Development Hiatus Proves Positive for Houston Self-Storage Businesses

Oct 22, 2019

Self-storage rental rates in Houston have increased 2.3 percent thus far this year, after declining more than 10 percent in the last two years. The uptick has coincided with a slowdown in facility development, reducing the amount of new rental...

Asia Self-Storage Operator Storefriendly Uses Robots, Other AI in Marketing, Operation

Oct 22, 2019

Update 10/22/19 – Storefriendly has released a new ad campaign that not only highlights its GObots self-storage service but displays the power of artificial intelligence (AI). Advertising agency UltraSuperNew Singapore Ptd. Ltd. used an AI program...

Self-Storage Development Firm Taylor/Theus Names New Partner

Oct 16, 2019

Taylor/Theus Holdings Inc., a self-storage developer and owner, has named Steve Moffat as a third partner, joining Tyler Colpini and David Ellison. In this role, Moffat will focus on identifying and analyzing acquisition and development...

Self Storage India Expands With Facilities in Noida and Gurugram

Oct 15, 2019

Update 10/15/19 – Self Storage India is aiming to open its third facility in the coming months, this time in Gurugram, Haryana, India. The facility will offer units ranging from 50 to 300 square feet. It’ll employ contain fire- and pest-prevention...

Self-Storage Development and Zoning Activity: July 2019

Oct 14, 2019

Update 10/14/19 – Clay Pond Acquisitions received unanimous site-plan approval from the Bourne Planning Board on Sept. 26, getting the permit it requires for its self-storage conversion project in Monument Beach, Mass. The developer agreed to the...

Self-Storage Development and Zoning Activity: August 2019

Oct 14, 2019

Update 10/14/19 – The Ridgefield Planning and Zoning Commission approved Saber’s self-storage plans as well as the wetlands application for the Ethan Allen Highway project. Commissioners voted 5-1 on Oct. 2 in favor of the developer’s plan. In his...

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