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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.
Update 9/20/21 – Guardian Storage received approval last week to build its new location in Lower Macungie Township, Pennsylvania. The operator consolidated five parcels comprising 3.1 acres for the new building, which will contain 750 units. The...
Stor-Age Property REIT, a real estate investment trust that operates self-storage in South Africa and the United Kingdom, has formed a joint-venture partnership with South Africa lender Nedbank Corporate and Investment Bank to develop two...
Despite a proliferation of self-storage development nationwide, many municipalities have made the entitlement process more difficult. Luckily, you can often gain project approval by learning to compromise, presenting favorable designs and...
This digital issue of Inside Self-Storage, with a focus on "Growing Storage in the Great White North," looks at the industry in Canada, exploring the state of the market, particularly as it relates to development and real estate. Readers will get...
The Ocoee City, FL, Commission this week discussed whether to impose a temporary moratorium on self-storage development. The ordinance would affect projects in the general-commercial, restricted-manufacturing and warehousing zones, according to...
Shurgard Self Storage Europe SARL, the European affiliate of U.S.-based real estate investment trust Public Storage Inc., this week unveiled its corporate growth initiatives during a virtual Investor Day. The plan includes an aggressive...
Though many Sun Belt self-storage markets have been booming, Albuquerque and the rest of New Mexico have chugged along at a slower clip. Read about dynamics contributing to this pace and why owners and investors remain optimistic about these...
Self-storage roof design used to be pretty basic, but modern structures and changing municipal requirements have upped the ante. Read about the factors that are driving decision-making and how they impact the look of your project.
Self-storage development has undergone a steep evolution in recent years thanks to land scarcity, municipal requirements and deeply competitive markets. To ensure your building strategy is on point with current trends, dive into the seminars that...
Update 8/31/21 – The joint venture between real estate development firms Blumenfeld Development Group (BDG) and The Hampshire Cos. has broken ground on its self-storage project in Roslyn Heights, New York. The facility at 71 Jane St. will comprise...