Feasibility Studies
A self storage feasibility study is a market specific study that gives a professional opinion on the “feasibility” of adding additional self storage space in a given market. A self storage feasibility study will answer the following questions:
Market Specific
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What is the competition I will be faced with in my market?
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What type of demand is there in the market and surrounding communities?
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Should I consider climate controlled units?
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What type of security/amenities should I consider offering?
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How should I price my units?
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What are the demographic trends?
Investment Specific
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How long will it take me to lease up my property?
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Will the property meet my investment objectives?
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Am I prepared to deal with the marketing and property management challenges?
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What is an estimate of the construction costs?
At Cutting Edge Development, we believe every vision deserves the perfect space. That's why our fesibility studies cover a wide range of facilities to fit your unique project. Whether you're considering a standard self storage facility, a climate-controlled environment, a multi-story facility, or a flex space setup, we've got you covered. We even dive into more niche concepts like boat and RV storage, and those creative spaces -- she-sheds, man caves, etc. -- that bring a personal touch to storage solutions.
Let's explore how we can help turn your idea into a thriving reality. Reach out today to discuss your project by contacting us below!