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.

Rosemurgy Properties/Sentry Self Storage Develops 2 New Facilities in Florida

Nov 14, 2019

Update 11/14/19 – Rosemurgy Properties and Sentry Self Storage completed construction on the partnership’s Hollywood facility, holding a grand-opening even on Nov. 7. The design by Kenneth Carlson Architects includes a two-story glass storefront...

Keepsafe Storage Centres of Scotland Opens Dunfermline Facility to Keep Up With Demand

Nov 11, 2019

Scottish self-storage operator Keepsafe Storage Centres has opened a new location in the Pitreavie Business Park in Dunfermline, Scotland, to keep up with population growth and rising demand for storage. The facility off Queensferry Road was built...

Self-Storage Building Restrictions Considered in Menomonie, WI

Nov 07, 2019

Officials in Menomonie, Wis., are considering an ordinance amendment that would place limits on the location, size and number of units allowed at self-storage facilities. The measure would cap the number of units at indoor, climate-controlled...

ISS Store Featured Product: Video on Self-Storage Investing and Opportunity Zones

Nov 05, 2019

Finding strategic land suitable for self-storage development has become increasingly difficult, but owners and investors can now take advantage of prospective sites among more than 8,700 low-income census tracts called Opportunity Zones, certified...

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...

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