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.
By Jim Chiswell
Conducting a feasibility study should be looked at as more
than just determining the viability of a specific location or
market area. It should also be viewed as a complete process of
determining if you really want to be in the ...