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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.

A Precision-Based Approach to Self-Storage Site Selection: 8 Factors to Consider

Jul 24, 2021

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.

Heitman Raises $3.2B for 3 New Funds to Invest in Self-Storage, Other Commercial Real Estate

Jul 23, 2021

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...

Coral Springs, FL, Commission to Consider Looser Restrictions on Self-Storage

Jul 21, 2021

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...

Shout It Out: Marketing Your Self-Storage Expansion So You Can Fill Those New Units

Jul 20, 2021

Many self-storage operators have embarked on property expansions in the past year as their units filled up and demand increased. But just adding new inventory doesn’t mean the space will magically be rented. You need to get the word out and...

Clarkstown, NY, Considers Code Change to Allow Self-Storage in Retail Corridors

Jul 19, 2021

Officials in Clarkstown, New York, are considering a code change that would allow new self-storage facilities in the city’s retail corridors. The aim is to stimulate economic development as the area’s retail landscape continues to shrink...

A Winning Combo: A Cost-Effective Way to Offer Drive-Up, Climate-Controlled Self-Storage Units

Jul 16, 2021

Many self-storage customers love the convenience of a drive-up unit, but they also enjoy the comfort and protection a climate-controlled environment provides. Must they choose between the two? Not anymore! Discover a cost-efficient way to...

Net-Zero-Energy Self-Storage Facility Opens in Stratford, CT

Jul 16, 2021

UB Stratford I LLC completed construction of a net-zero-energy self-storage facility in Stratford, Connecticut. Managed by self-storage real estate investment trust (REIT) Extra Space Storage Inc. and branded under its name, the facility at 70 E...

Boat/RV Self-Storage Offers a Bright Business Opportunity: Here’s How to Build It

Jul 13, 2021

The coronavirus has spurred a surge in the sale of recreational vehicles, which can translate to an amazing opportunity for the enterprising self-storage operator. If you’re interested in building large units to accommodate boats and RVs, here’s...

Benton, AR, Officials Consider Zoning Change to Limit Self-Storage Development

Jul 08, 2021

Benton, Arkansas, officials are considering an alteration to the city’s zoning structure that would reclassify self-storage as C2, which is a conditional use. If passed, the change would require that any new developments receive approval from the...

Self-Storage Development and Zoning Activity: April 2021

Jul 07, 2021

Update 7/7/21 – 2507 Dundas Storage GP Corp., an affiliate of Canadian self-storage operator Dymon Storage Corp., has withdrawn its zoning-change application for the proposed self-storage project at 2507 Dundas St. W. in Oakville, Ontario. The...

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