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Cape Coral, FL, Considers Moratorium on Self-Storage Development

Article-Cape Coral, FL, Considers Moratorium on Self-Storage Development

The Cape Coral, Florida, City Council will discuss placing a moratorium on all self-storage permits, site plans and development through Jan. 13, 2024, during a public hearing on April 5. Though city officials acknowledge there is demand for the service, they believe storage facilities are occupying too much prime real estate and being developed too close together, according to the source.

Councilmember Tom Hayden told the source he believes the city needs time to better plan for self-storage projects. “When you’re a 92% residential community like Cape Coral, there’s going to be a need for storage space,” Hayden said.

There is currently 1.5 million square feet of self-storage within the city, with another 1.05 million square feet either in permitting or under construction, the source reported.

Potential restrictions are being considered within all zoning districts. In some areas, such as along Burnt Store Road, officials will also consider road setbacks and distance between facilities.

Source: ABC 7, Cape Coral Possibly Halting Construction of Future Self-Storage Facilities

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