You may be wondering if this industry is saturated. The answer is absolutely not! While some areas of the country may be overbuilt with such commercial buildings, many communities have a need for additional mini storage building facilities. Consumers' endless desire to acquire combined with escalating rents that place families and businesses into smaller homes and work areas are increasing the industries customer base. Furthermore, today's zoning is more "friendly" to self-storage units than ever before.
Despite the great opportunity available in the Mini Storage industry, building mini storage units is a complex and hoping customers will come is a thing of the past. In order to make good decisions, savvy investors consider important items such as feasibility studies, pro-formas as well as controlling construction and operating costs to increase their competitive edge.
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