Expanding One’s Storage Facility Investment

Self storage is evolving, with new investment opportunities emerging. From climate-controlled units to flex spaces, choosing the right mix can maximize profitability.

4 Tactics to Increase Self-Storage Inquiries in Economic Downturns

Stay competitive during tough times! From guerrilla marketing to stellar service, discover strategies to boost inquiries and thrive in self-storage.

The Rising Influence of Gen X and Millennials in Self-Storage

Gen Z and Millennials demand convenience and tech-driven solutions in self-storage. Embracing automation will help the industry meet their needs and boost growth.

Introducing New Features for the Radius+ Portfolio Project: A Comprehensive Update

The Radius+ Portfolio Project adds user-specific sharing, bulk facility uploads via CSV, and the ability to edit portfolio and facility names for better management.

Understanding Housing Permits: Key Data and Impact on Population Growth

Housing permits reveal future growth. Radius+ analyzes permit data to project housing trends, helping businesses like self-storage plan for demand.

Self-Storage Trend: Better Experience With Lighting Controls

Improve your self-storage with advanced lighting controls for better safety, convenience, and energy efficiency, boosting customer satisfaction and cutting costs.

The Technological Lag in the Self-Storage Industry: Myths and Misconceptions

Self-storage lags in tech adoption due to outdated tenant assumptions. Embracing mobile apps, IoT, and enhanced security can modernize and boost the industry.

Creative Transactions in the Self-Storage Industry: Navigating the (Temporary?) New Normal

Creative transactions in self-storage, like seller financing, lease-to-own, and joint ventures, bridge valuation gaps and drive industry growth.

Build Down, Not Up - Underground Storage Facilities

Explore the potential of underground storage facilities. Learn how they offer cost savings, aesthetic appeal, operational advantages, and environmental benefits.

Unlocking Savings: The Cost Benefits of Switching to Smart Locks for Self-Storage Facilities

Transform self-storage with smart locks. Save on maintenance, eliminate key issues, streamline audits, and enhance security with NFC technology.

6 Key Land Qualifiers for Self-Storage Development

Break into the self-storage industry with expert guidance. Learn six essential qualifiers for selecting the perfect land and ensure a successful investment.

7 Updates You Must Make to Your Outdated Storage Facility

Enhance your facility's competitiveness with key maintenance tips. From landscaping to management software, discover strategies for attracting more customers.

Building for the Road Ahead: RV Storage Building Plans

Americans’ love for travel, intensified by the 2020 pandemic, has fueled the RV industry, resulting in an ongoing surge in popularity.

Are You On The Right Side Of The Road?

People do not spend enough time learning what side of the street is best for their budget, their time, their experience, their short and long-term goals, and how to get there.

Storage rent collections: Make it easier on you and the customer

Collecting rent seems like a reasonable and simple task, but is it? There are various ways to make collecting rent easier for you and the customer.

4 Pieces of Marketing Advice Independent Operators Should Ignore

Self storage is a massive community with a lot of well-intentioned marketing advice - but make sure that you're doing what's right for your facility!

Highline Storage Partners Hires Self-Storage Industry Veterans

Scott Sebring and Scott Levy are hired by Highline Storage Partners to support continued growth.

A Digital Revolution: The Biggest Impacts of Technology

Self-storage has witnessed a transformative wave of technological innovations in recent years. However,2023 brought about one of the most significant leaps in the evolution of facilities.

The Curse of 100% Occupancy: How to balance occupancy and rates to maximize revenue

Discover why vacancy is good in self-storage. Explore pricing theory, strategy, and maximizing revenue through dynamic pricing.

Indoor Boat and RV Storage: Pros and Cons

When it comes to the pros and cons of indoor vs. outdoor storage, there are many factors to take into account.

The Future of Locking in Self-Storage: OneLock by Keep It Simple Storage

Unlock the Self-Storage Revolution: NFC Locks for Convenient Access, Enhanced Security, and Remote Management. Learn More!

Lets Discuss Unit Mix

Do not dive into a multimillion-dollar investment without knowing the unit types and blend your market demands.

Evolution of the Self-Storage Manager

As we continue to see the emergence of new technology, it’s undeniable that there has been an incredible shift in the role of the self-storage manager.

How Important is Ancillary Income to a Self-Storage Facility?

Ancillary income can be quite important to a self-storage facility as it has the potential to significantly boost revenue and profitability.

Maximize Profitability: How LED Lighting Reduces Costs for Self-Storage

Finding effective ways to reduce operating costs and maximize profitability is crucial when owning and operating a self-storage facility.

Best Customer Experience: Online and In-person

First impressions are everything, especially when choosing self-storage. Within our industry there are two opportunities to put your best foot forward.

Does landscaping influence a potential renter?

Learn why landscaping is important for [self-storage facilities](https://www.radiusplus.com/keyword/self-storage-facility) in attracting and retaining customers.

The Best Ways Self-Storage Facilities Utilize LED Lighting for Safety and Security

Good lighting is the most fundamental aspect of ensuring security. Keeping your facility secure through quality lighting assures a better onsite experience.

Self-Storage Kiosks vs. The Mobile Myth

Can the mobile device in your pocket really compare to a self storage kiosk? Lets break down some of these myths.

Why Is Self-Storage The Best-In-Class Commercial Asset?

Seven top reasons as to why self storage is the best-in-class commercial asset.

How Self-Storage Companies Meet Dark Sky Compliance with LED Lighting

As light pollution continues to be a problem, more self-storage companies are considering LED lights to meet stringent local and state codes.

Common Mistakes Made When Building a Self-Storage Facility

When building a self-storage facility, there are many potential mistakes that can be made along the way, the more mistakes that can be avoided the better.

7 Reasons Why Finding Self-Storage Land in 2023 Is Going To Be Easy

In 2023, locating land for [self-storage](https://www.radiusplus.com/keyword/self-storage) will be a breeze! With the right strategy and preparation, securing suitable space can make all the difference.

Once a year to double your Profits!

We all get into self-storage for 3 reasons: Cash flow, more cash flow next year and more cash flow the year after and…

Lighting the Way for Self-Storage Facilities to Switch to LED

Take the time to plan your retrofit and help ease the transition to LED lighting.

Inflation Reduction Act 179D Energy Efficient Tax Deduction Explained

Everything you need to know about the Inflation Reduction Act of 2022.

How LED Lighting Can Accelerate Your ESG Strategy

Investors and consumers are concerned about the future. They expect companies to make a meaningful impact on environmental, social, and governance issues.

Yes, Maybe and No Ranges For The Top 7 Site Parameters

Recommendations to help determine your lines in the sand for the typical 6-acre site.

How Much Land Do I Need To Build A Self-Storage Facility?

Advice from industry expert Marc Goodin on how much land is needed to build self-storage.

Building Self Storage In the 2023 Recession

How to Build Self Storage in the Great Recession of 2023 and Why Self Storage Franchising?

Self Storage Franchising, An Idea Whose Time Has Come

[Self storage](https://www.radiusplus.com/keyword/self-storage) franchising will provide opportunities and benefits that most owners would never obtain on their own.

We Expect to Interact with Tech

Self-storage is a dated industry trying to drag itself away from the 'traditional' methods.

How to Keep Rodents Out of Your Self-Storage Facility

Your customers have trusted your facility with their belongings, here is how you can make sure there are no uninvited guests!

Are You Ready To Jump?

That first jump can be daunting, but it can also be life changing.

Architects and Self Storage Developments: Design, Then Build

The architect is one of the most important participants in the construction of a [self-storage facility](https://www.radiusplus.com/keyword/self-storage-facility). For a variety of reasons, working with the correct architect for your [self-storage project](https://www.radiusplus.com/keyword/self-storage-project) is essential.

Building Self-Storage from the Ground Up

The process of building a self storage facility and why someone would want to build vs acquire.

Contractor Units: A Solution for the Trades

Offering Contractor Units to the unit mix provides a solution for those who are operating small businesses that are in the trade industry.

Before Construction Begins: Fundamentals of Building Self-Storage

Successfully constructing a self-storage facility involves a multitude of factors, learn the details and how the fundamentals will provide optimal results.

RV and Boat Storage Becoming Mainstream – Do Not Miss the Opportunity

Explore the evolving landscape of RV & boat storage in the self storage industry. Discover opportunities for growth and profit in this emerging market segment.

Strategic Storage Trust VI, Inc. Acquires Land for the Development of a 1,200 Unit Self Storage Facility

The acquisition of approximately 2.7 acres of land in Western Toronto will be home to a 1.2K unit facility.

Brookwood Properties Opens New Self Storage Facility in New Orleans

The large facility comprises of approximately 115,000 square feet and 915 climate-controlled units.

StorQuest Self Storage Expands Reach in Denver

The new facility is solar powered and located in a prime spot near the Denver International Airport.

You'll Want to Check Out this 2020 Self Storage Facility Winner

The emergence of a global pandemic was only part of the many problems faced by Brickhouse Self Storage

$35 Million Loan to Boost Manhattan Self Storage Conversion

The parking garage will double in height to eight stories, and will be managed by CubeSmart Self Storage.

Is a Joint Venture Right for Me?

A JV provides land owners with an opportunity to team with an experienced developer for a storage facility.

Opening of OMP'S First Self-Storage Development

Overton Moore Properties enters the real estate sector with a 142,618 sq. ft. facility in Newark California.

Safeguard Self Storage Announces Further Expansion in the Philadelphia Market

The company is developing more than 73,000 square feet of [rentable storage space](https://www.radiusplus.com/keyword/rentable-storage-space) in the [Philadelphia](https://www.radiusplus.com/keyword/philadelphia) area.

LA's Chinatown Gets More Awesome with StorQuest Grand Opening

The new facility plays into StorQuest's Make Room for Awesome mantra in the heart of Chinatown.

Pinnacle Storage Properties Targets Expansion Projects with New Hire

The company aims to work on existing facility expansion projects in the 2021 year with the hire of Bill Lierman.

Self Storage Plus Opens Two Brand New Facilities

New storage locations in Reston, VA, and Kensington, MD, now open.

InSite Property Group Winds Down 2020 With Two Big Storage Deals

Both deals took place in California and each storage facility will be operated by SecureSpace.

Burlington Self Storage Opens Facility in Lake Worth, FL

The facility will be equipped with the Noke Smart System allowing for a contact free customer experience.

Public Storage Seizes Buying Opportunities to Expand Portfolio

Amidst the ongoing pandemic, Public Storage is taking aim to significantly expand their national footprint.

Self Storage and Investing in Opportunity Zones During COVID-19

Leaders at Inland Private Capital Corp. and Devon Self Storage talk about opportunity zones for self storage.

Bluebird Self Storage Opens New Locations in Toronto, Whitby & Burlington

Bluebird has expanded their Canadian operations into Montréal, Calgary and Edmonton.

SecureSpace Self Storage Announces the Grand Opening of a Huge Facility in New Jersey.

The Class-A facility is located just 1 mile from Red Bull Arena and boasts 113,000 square feet of storage space.

Northern Virginia to Receive Two Additional Self Storage Facilities

Tysons Corner Virginia is beginning to development boom with several thousand new multi-family residential units.

Exclusive Radius+ Q&A: Self Storage Development with P.B. Brown

From data, permitting, and design efficiencies, Nick Zent understands the self storage development process.

WPC Delivers $16M Self Storage Property in Maryland

This marks the second storage facility for WPC, and will also be managed by Cubesmart.

David Kelly Returns to Westport Properties, Inc.

Kelly rejoins the Westport family focusing on self storage and industrial projects nationwide.

InSite Property Group Sees Big Opportunity in Storage Acquisitions

Keith Wetzel and Nathan McElmurry answer questions regarding recent acquisition growth, markets, and facility types.

CBS Captures Varying Woes of Self Storage Development

For this Havertown PA proposal, a community petition was circulated to block an industrial zoning variance.

What is The Current Impact to Self Storage?

Cushman & Wakefield’s Mike Mele discusses the positives and negative COVID-19 impacts on the self storage industry.

What's Next? Let's Take a Look.

Reviewing self storage supply, demand, and development ahead of a predicted economic recession.

Will Self Storage Car Condos Catch On?

Take a peek inside the hybrid mix of self storage units, and car club man caves.

Projects Stall and Lending Tightens as Self Storage Copes with Coronavirus

Self storage dealmakers, owners, operators, and developers are all finding ways to cope amidst the ongoing pandemic.

Radius+ LIVE Home Hangout on April 30th

Join the Radius+ team on April 30th as we chat about the self storage's current landscape amidst the ongoing pandemic

A Look at the Self Storage Industry; From Family Run Businesses

Explore the expanding self-storage market in Reno and Marietta. Discover insights from local owners, trends, and the growing demand for storage solutions.

Public Storage Eyes Land and Facility Purchases in 2020

CEO Joe Russell said Public Storage is keeping an eye this year on opportunities to purchase raw land.

Keeping a Self Storage Business Viable

Michael Johnson of Bellomy & Co provides insights on the challenges facing the self storage financing landscape.

Lingering Questions For 2020 Self Storage Investors

Interview with Steven Weinstock, national director of Marcus & Millichap Self Storage Division.

Is Housing Growth Fueling Demand For Self Storage In Florida?

The increase in new homes in Daytona Beach Florida is fueling a recent surge in storage facilities.

Ohio is Experiencing a Boom In Self Storage

Radius+ cites Central Ohio with 311 self storage facilities and climbing.

Changing Economics of Self Storage Development

Developers are leaning on secondary and tertiary markets for site selection due to rising economic challenges.

Restricting Self Storage of Growing... In Height

Smithtown NY considers blocking zoning that would allow self storage units to be built taller.

Tennessee Real Estate Developer Launches Self Storage Division

The group is expanding their real estate strategy to include the self storage asset class.

2019 Full-Year Delivery Update

It was another active year for self storage deliveries, nearly surpassing 2018's record year!.

Austin Texas Will Be The New Home Of Self Storage Condos

Bryon Smith and Tim Manson have chosen Austin Texas as the preliminary location for their brand new XSpace building concept - a multi-use condominium facility.

Guardian Storage Navigates New Storage Development in Growing Southwest Markets

Guardian would like to continue to expand through new development with a new project every couple of years.

If A Kroger Becomes A Self Storage Facility, Will Everyone Go Hungry?

A multi-storage unit will keep us in a food desert said one local resident.

StorCo Self Storage Is Changing Offices With 100,000 Square Foot Purchase

The company buys the O'Fallon Shopping Center in Missouri and plans to build a new facility equipped with offices.

New-Builds Predicted To Lead 2020 Self Storage Acquisitions

Expected oversupply and financial underperformance are causing a scare for owners of new storage facilities.

One Self Storage Developer's Decision to Sell Now

There's a lot of capital in the market, and they're looking for high-quality assets.

Looking Ahead At Self Storage in 2020

City Line Capital executives break down self storage trends and make their own predictions about the future.

U-Haul Finds Benefits of Repurposing Old Buildings For Self Storage

U-Haul has been repurposing buildings for decades, sustainably reusing existing structures and benefiting communities.

Self Storage Made This Planning Board Member Walk Out of a Town Hall Meeting

Claiming that a proposed self storage development is an eyesore is increasingly frequent it seems.

Bigger Fish to Fry? Self Storage Development Bans vs Oversaturation

When asked about recent nation-wide self storage moratoriums - We welcome the restrictions states one industry vet.

One PA Town Teaches The Importance of a Pretty Self Storage Facade

One of the big selling points is to not make the building look like a storage facility from the outside.

Trouble With Your Self Storage Development Plan? Learn From These Design Changes

The city of Lenexa in Kansas wasn't a fan of a proposed self storage development, until these changes were made.

Another Deliberate Avoidance of Self Storage

Amidst a redevelopment transformation, Oakland Park FL city officials say 'they can do better' than self storage.

NYC Self Storage Site Receives $28M From Columbia Pacific Advisors

The development site is located in Long Island City, which is the fastest growing neighborhood in NYC no less.

From Bowling Alley to Storage Facility? Residents Are Overjoyed

Naturally this subject line is entirely sarcastic. Local residents in FL cite the development as a nuisance.

Are Some Self Storage Developers Flying too Close to the Sun?

Too much of a good thing can be your demise. Is the self storage industry the Icarus of our day?

A Pause in Development Helps Regain Health To Houston Self Storage

Saturated have markets hurt properties’ average op incomes & pro forma rates, but investor appetite is still strong.

Public Storage & Extra Space Foreshadow Shifts In New Supply

Common consensus is that delivery of new supply should start tapering off in 2020.

Connecticut Self Storage Construction Surge Drives Up Vacancies

According to Marcus & Millichap, a second consecutive year of aggressive self-storage development weighs on vacancy.

Self Storage Oversupply In Central Florida? Developers Think So

We’re getting toward a tipping point” said Marc Smith, president of Personal Mini Storage around Orlando Florida

What The Texas Self Storage Market Can Teach Us About Market Saturation

Understanding the current development cycle, is it time to hunker down until the cycle bottoms out?

Does This Self Storage Development Raise The Bar on Amenity Expectations?

What is the norm, versus what is unique? Solar panels, climate control, and heightened security are trending.

How Unsexy Is Self Storage? Apparently A Lot Of People Think Very

Is self storage even desired by the governing bodies that vote on their site development? Or The public around them?

Too Much Storage? Pompano Beach Florida Suspends Development

Pompano Beach joins other municipalities such as Miami and New York City that have also limited storage development.

Tron Jordheim: Before A Looming Recession, Its Sell or Build Time

People who are ready for a 15 percent loss in occupancy or a 20 percent loss in gross revenue should OK

What Happens When A Developer Listens To A City's Needs

What might start as a self storage project, can pivot to accommodate affordable housing.

BlueBox Storage Announces Expansion For Portland and Oregon Locations

[BlueBox Storage expands to Portland and Eugene, offering convenient, secure storage solutions with exceptional customer service. Learn more about their growth.

Public Storage Aims to Capitalize On Nashville's Growth

The company has seen a 21% growth spurt in the Nashville area over the last year.

Mixed-Use Development In Downtown Orlando To Be Marketed As #EatShopStore

#EatShopStore marketing strategy aims to address the unique features that the future facility in downtown Orlando has.

What Louisville Can Teach Us About Classic Self Storage Oversupply

Having the ability to analyze demand is key in site-selection, so don't wait until its too late.

Careful California! Split Roll Property Taxes Might Hit You Hard

Estimated impact would increase property taxes by anywhere from $6.5 billion to over $12.0 billion per annum.

How to Develop Your First Self Storage Facility with Only $500K Cash Equity

Unless you have the years of expertise, a feasibility study by a self storage expert is highly recommended.

What You Need to Consider Before Developing RV and Boat Storage

What makes this type of storage unique is that there are no specific demand indicators.

How Viable Are Opportunity Zones for Self Storage Investors?

Opportunity zones have the capability to be both profitable and beneficial, but they're difficult to come by.

Be Nimble and Selective in Your Self Storage Investment Approach

Today’s self storage investment environment can be challenging for those looking to place capital in the asset class

Successful Strategies Following a Peak Development Year

Over the past decade, we have seen a massive shift in attention to a new set of numbers; saturation level.

You’re Flooded With Smart Data. Now Let’s Use It!

In-house data provides the greatest insight into what's actually happening.

The Role of Powerful Data in the Development Process

As a third-party manager, we’ve found our conversations are immediately more productive when developers have data.

The 4 Essential Underwriting Steps... One Will Surprise You!

There are four metrics you have to analyze when evaluating a new development. And one of them will surprise you.

What You Need to Know to Leverage Qualified Opportunity Zones

Discover how to qualify for tax incentives in Qualified Opportunity Zones (QOZ) for self-storage investments. Learn key criteria and benefits here.

Construction Spend Hits Record High in June

2018 is shaping up to be a record year for deliveries, and as we look forward over the next 12 months we don't see much sign of slowing down.