The construction industry is currently navigating a complex and dynamic landscape. Several factors are contributing to its unique state; however, it is still poised for growth. Developers and contractors are working through the challenges, illustrating tenacity and determination to see projects completed. Construction continues to move forward, even when obstacles exist. The construction industry experienced […]

With the recent pandemic and decline in big-box retail, there is now a significant inventory of vacant buildings out there for sale. The current trend of office vacancy rates increasing, building owners are seeking creative ways to make that empty space generate profit again. As such, some are converting these structures into self-storage facilities or […]

From Alaska to Florida, more than 50,000 self-storage facilities are scattered around the country. That’s about the same number of McDonald’s, Starbucks and Subway locations across the U.S. combined. These facilities are the foundation of the U.S. self-storage industry1, which was projected to generate $37 billion in revenue in 2019. The typical profit margin of a self storage […]

Self Storage Construction Costs are on the rise in this current economy, but the factors that impact a project go far beyond the price of steel and other material costs. This blog addresses variables emerging out of the current climate, hidden expenses to watch for, bidding pitfalls and ways to mitigate overall self-storage development expenses. Self-storage […]