The Right Place to Build? Self-Storage Developers and Owners Discuss Site Selection and the Feasibility Phase

Once you’ve identified a site that might be good for a new self-storage development, you need to assess both the parcel and market to ensure it’s a wise investment. This feasibility phase is a critical moment in the journey of a builder, investor or owner, and it’s imperative to know what precisely to scrutinize. If you miss the mark, it can mean lost time, money and effort for you and anyone backing the project. Furthermore, there’s much to review, and the clock may be ticking in a competitive, land-hungry environment. A new member of the Self-Storage Talk online community has compiled a checklist as they embark on this process for their first project. See what’s on it in this thread, then include your pointers or pick some up from others who’ve been down this road.