Higher land costs, limited land availability and configurable land space in urban areas have increased the demand for multi-story self-storage construction throughout the country. Where a single-story self-storage building generally covers 3 to 7 acres, a multi-story facility can fit on less than one acre. In heavily populated areas where land is expensive, this greater density makes multi-story projects more economically viable because they cost less to operate on a per-square-foot basis.
As they move into densely populated, retail-oriented urban areas, multi-story self-storage facilities are adding stylish design elements such as brick, glass, stucco and multi-level designs that look more like office or apartment buildings, with ground-floor amenities such as WIFI, coffee bars, general business services and shipping services.
Benefits of Investing in Multi-Story Self Story Buildings:
- Get more rentable space by building vertically
- Premium rental rates
- Higher security
- More aesthetically pleasing than standard, single-story buildings
- Ideal for urban areas with higher land values and dense populations