Let's talk about self storage.

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  • 1.  Self Storage usage

    Posted 05-11-2022 04:49 PM
    My question is: We are building a new 400 unit facility and are inquiring, is there a "general rule" as to what percent of a city's residences use a storage facility?
    We appreciate this great organization. Thanks
    Peter Murphy


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    Del Marie Murphy
    President
    Odyssey REI, LLC
    Mansfield TX
    (214) 454-9359
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  • 2.  RE: Self Storage usage

    Posted 05-11-2022 06:18 PM
    I have most often seen a demand formula based on 8.5 sf of storage as average for each member of household. 

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  • 3.  RE: Self Storage usage

    Posted 05-12-2022 10:36 AM
    Mike

    We certainly appreciate your response.
    Have a great day.

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    Del Marie Murphy
    President
    Odyssey REI, LLC
    Mansfield TX
    (214) 454-9359
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  • 4.  RE: Self Storage usage

    Posted 05-24-2022 10:13 PM
    Beyond the average usage per person there is also value in determining the ideal unit mix for the market. A professional market study will const several thousand dollars, which is a drop in the bucket when building 400 units. Additionally the market study will be helpful when presenting financials to a bank for financing.

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    Michael Meylor
    Neutron Corporation
    San Antonio TX
    (210) 630-9539
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