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.

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Self-Storage Operators in Miami-Dade County, FL, Could Face New Painting, Window Requirements

Feb 22, 2019

Update 2/22/19 – Miami-Dade County officials have postponed a hearing on possible changes to self-storage painting and window schemes. Commissioner Jean Monestime, the primary sponsor of the measure, agreed to a voluntary deferral “following...

Cebu, Philippines, Gets Its First Self-Storage Facility

Feb 21, 2019

Construction has begun on the first self-storage facility in Cebu, Philippines. Called StorageTown, the three-story building on Sacris Road in the village of Cabancalan in Mandaue is expected to open in November. It’ll comprise 10,000 square...

Bluebird Self Storage to Develop Multiple Toronto Facilities

Feb 20, 2019

Update 2/20/19 – In addition to the four self-storage facilities that were developed through its partnership with NYX, Bluebird plans to build six more properties in the GTA...

SmartCentres/SmartStop Self-Storage Partner on Canada Projects

Feb 15, 2019

Update 2/15/19 – SmartCentres has added two more self-storage developments to its JV with SmartStop, bringing the total to six. The sites are in Brampton and Scarborough, Ontario, Canada, according to a press release...

Hampshire Cos. Joins Forces With Harrison Street to Develop Self-Storage

Feb 14, 2019

Hampshire Real Estate Cos., a private real estate investment firm and self-storage operator, has entered a joint-venture partnership with real estate firm Harrison Street to develop self-storage facilities along the Interstate 95 corridor from...

Dark Times Ahead for Kansas City, MO, Self-Storage Market, StorageMart Reports

Feb 13, 2019

StorageMart, which operates more than 200 self-storage properties across Canada, the United Kingdom and the United States, has predicted a downturn for the Kansas City, Mo., self-storage market during the next one to three years. Though the area...

Benchmark Secured Storage Opens New Facility in Hartland, WI

Feb 12, 2019

Update 2/12/19 – Benchmark has opened its new facility in Hartland, Wis. The property contains five buildings comprising 47,000 square feet of storage...

Rogersville, TN, Bans New Self-Storage Development Along Main Street

Feb 11, 2019

In its intent to preserve the city’s historic ambiance, the Rogersville, Tenn., City Council unanimously voted this week to move forward with an ordinance that would ban indoor self-storage developments along a majority of Main Street. The order...

ISS World Expo Speaker Spotlight: Mike Castleman to Share Self-Storage Investor Insight

Feb 06, 2019

Jim Ross of “The Self-Storage Show,” a YouTube channel tackling industry topics, recently interviewed several seminar speakers for the Inside Self-Storage World Expo, April 1-4, in Las Vegas. In this video, he talks with Mike Castleman, owner of...

NorthPoint Development Launches Multi-Facility Initiative for Beyond Self Storage

Feb 06, 2019

Update 2/6/19 – NorthPoint Development has opened its third location in the Pittsburgh area and 10th property overall. The Beyond Self Storage property at 512 Castle Shannon Blvd. in Mt Lebanon, Pa., began operating on Jan. 17. The climate...

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