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.

M3XP2 to Build Controversial Self-Storage Project in Woodland Park, CO

Mar 12, 2021

Update 3/12/21 – 19350 Group LLC and M3XP2 requested an extension on expired permits for their project at 19350 E. U.S. 24. The appeal comes six months after the conditional-use permit and site-plan approval expired. After some debate, the...

Equinox Cos./Exit 9 Self Storage Expands in Clifton Park, NY

Mar 12, 2021

Update 3/12/21 – Equinox intends to break ground this year on the second phase of its expansion of Exit 9 Storage, which will add about 250 units. The $5 million first phase, which included 244 units and 25 wine lockers, opened last July and has...

Self-Storage Development and Zoning Activity: February 2019

Mar 12, 2021

Update 3/12/21 – The Chapel Hill Town Council voted 5-3 on Wednesday to approve the conditional zoning that will allow Stackhouse Properties to move forward with development of a three-story self-storage facility and gas station. The move...

Investment Firm Twain Financial Partners Enters Self-Storage Industry With Ground-Lease Deals

Mar 05, 2021

Investment-management firm Twain Financial Partners LLC has entered the self-storage industry behind three ground-lease capital transactions in partnership with developer Mequity Cos. and privately held financier Stonebriar Commercial Finance LLC...

California Exodus, COVID-19 Factors Boost Northern Nevada Self-Storage Market

Mar 03, 2021

The Northern Nevada self-storage market has recently benefited from increased demand due to factors stemming from COVID-19 and an influx of former California residents and business owners seeking relocation. “We do get a lot of out-of-state people...

Wine-Storage Facility Opens in Naples, FL

Mar 01, 2021

Update 3/1/21 – Carl’s White Glove Persona Storage & Wine Vault has opened in Naples. The facility comprises 89,523 square feet in 655 units. Nichols will serve as the staff wine consultant...

The Preliminary Budget: Plugging in Rough Numbers for Your Next Self-Storage Development Project

Feb 27, 2021

Setting a budget for a new self-storage project is a complex process. Before committing to a land purchase, learn how to create a preliminary financial plan that’ll help you arrive at a rough estimate for your build and make smart decisions.

Self-Storage Development and Zoning Activity: February 2021

Feb 25, 2021

Update 2/25/21 – The global self-storage development pipeline continues to be extremely dynamic. Inside Self-Storage regularly covers new projects being planned and approved as well as zoning and other municipal issues. Following is additional...

Self-Storage Market Analysis 2021: Northern New Jersey

Feb 20, 2021

Northern New Jersey may be frequently overlooked by travelers, but data shows that it’s an excellent market for self-storage! Read why owners and investors are bullish on the upper Garden State.

Self-Storage Talk Featured Thread: What Does It Cost to Build a Facility?

Feb 16, 2021

When it comes to self-storage construction, there’s no such thing as “one size fits all,” and determining cost is a complex art. Every project comes with its own unique challenges and features, and there’s a lot to consider, from permits and...