Because We Need More Stuff: Major Self-Storage Development Happenings of November 2023
Monthly wrap of self-storage development and zoning activity around the world for November 2023. The global self-storage industry experienced significant growth with several projects around the world. From Bridgewater, New Jersey, to Burnaby, British Colu
Making Space in a Crowded World: The Self-Storage Industry Defies Gravity
November's Self-Storage Development Highlights: More Room for Your Treasures
Global self-storage development continues to demonstrate dynamism in line with the trend of increasing consumer demand for storage options. According to Inside Self-Storage, several new projects are slated to launch, accompanied by zoning and municipal issues. Notable instances include the 713 Co. and Vytautas Paulius's ambitious project to replace an existing office building in Bridgewater, New Jersey. Likewise, Arizona-based 1784 Capital Holdings LLC has proposed a visually striking self-storage facility that echoes the design of Mumney Marsh Academy in Revere, Massachusetts.
Across the border, in Burnaby, British Columbia, Canada, 1074649 BC Ltd’s multi-facility storage concept recently received the second of four approvals. The company, led by self-storage facility owner Tony Russo, aims to cater to business customers in the prolific Brentwood neighborhood.
Meanwhile, Aberdeen Management & Development, in conjunction with The Mangat Group, opened Arizona Self Storage in Peoria, Arizona, whereas Basis Industrial unveiled a self-storage facility in Plymouth, Massachusetts. The latter investment trust (REIT) Public Storage Inc. manages the site, significantly adding to its growing U.S. portfolio.
For the full scoop on the development pipeline and zoning activities concerning the self-storage industry for November 2023, [Click Here]
Eric Manning
