Our self storage feasibility studies and self storage market reports are used by new investors and established pros to get unbiased feedback and vital information to help them determine the way forward on new acquisitions, development, and conversions. Self storage feasibility consultants look at a variety of data and consider the goals of each individual investor before making recommendations.
A self storage feasibility study is essential if partners or investors or lenders are involved. A self storage feasibility study also reveals many opportunities or pitfalls that may not have been apparent earlier.
Our self storage feasibility studies come in three basic groups. One is our Quick Look study which is a very inexpensive way to get a Red, Yellow, or Green Light on the project. A Quick Look is priced well under $1,000.00 US, and can save the client a lot of time, money, and trouble. Most people who are early in the decision process start with a Quick Look and then add the larger studies as needed later.
The Self Storage Market Study takes a deeper dive into local market conditions and determines how a new project might fit into the current market. A self storage valuation looks at more than just the net operating income projections. It also takes into account many local market factors.
Our full Self Storage Feasibility Study also looks in depth at financial projections, marketing plans, unit mix, and many other factors. A self storage analysis will help any owner or operator know what to expect in the future from existing or new projects. A self storage feasibility report is an important document that can help a buyer or builder meet benchmarks and milestones as the project progresses.
A self storage market report can help an investor understand the local market and make an informed decision about buying or building. A well made self storage feasibility study will lay out the roadblocks to success and the likely paths to success, so investors can have a full picture of the range of outcomes.
If you’d like to build a self storage facility, you should know the challenges you may be up against. Self storage development has been on a steady growth pace for years and shows little sign of slowing. Self storage construction costs can change as supply costs go up and down and as work crews become more or less busy with other types of construction projects. Self storage design is not one of our core areas of expertise, but we have acquaintances and partners who have a long track record and are available to you. We are glad to help in any way we can.
Contact us today to discuss any possible new projects and how our self storage feasibility reports could help you make a great decision.
Self Storage Feasibility Studies Help You Lock Up A Deal