Self storage feasibility Study
Savvy investors know that a self storage feasibility study can make the difference between a failure and a success. Once you've secured the land for your self-storage venture, a market feasibility report from BMSGRP will give you all of the information you need to succeed.
Make smart, data-driven decisions for your self-storage investment.
At BMSGRP, we understand that launching a successful self-storage facility takes more than just a good location — it requires solid, research-backed planning. That’s where our detailed market study and Self Storage Feasibility Study come in. Designed for both new developers and seasoned investors, our detailed market analysis ensures you’re building on a foundation of facts, not guesswork.
YOUR SELF-STORAGE FEASIBILITY STUDY WILL INCLUDE:
The analysis equips you with the insights needed to make confident development decisions. Your self-storage feasibility study will include the following:
Demographics
We analyze population size, income levels, housing trends, and conduct a cost analysis of other key data to help you understand your target market and potential customers and make informed development decisions.
Personal Competitor Site Visits
Our team conducts in-person visits to local competitors, assessing facility quality and determining competitive strengths, unit sizes and unit mix, occupancy levels, and pricing strategies, while providing unbiased reports to position your project competitively.
Rental Rate Summary
We gather and compare real-time rental rates across nearby facilities to help you price your units effectively and understand supply and occupancy rates competitively.
18-Position Absorption Chart
This visual tool shows the importance of thorough research and a comprehensive review of cost projected lease-up performance, helping you evaluate market saturation and future rental demand in detail.
5-Year Absorption Forecast
We project absorption rates over five years — both with and without your proposed facility — while factoring in all known upcoming self-storage developments in your area, ensuring a strong storage feasibility studies.
36-Month Proforma Fill-Up Projection
A month-by-month forecast of unit rentals and revenue over three years, helping you plan growth on your chosen land for your business and monitor leasing milestones.
Detailed Expense Summary
In the desktop study, it includes a full breakdown of expected project expenses to help you manage costs and forecast profitability accurately.
7-Year NOI Cash Flow Projection
We provide a clear picture of your Net Operating Income over seven years, giving you long-term analysis and insight into your self storage facility’s financial performance.
Why a Feasibility Study Matters?
A full feasibility study is essential before breaking ground. It gives you and your partners the confidence to move forward with the storage investing with the business report, and can also be a requirement for bank financing or investor buy-in.
Ready to Build Your Self Storage Facility?
Don’t leave your investment to chance. With BMSGRP’s Self Storage Feasibility Study, you’ll gain the insights, clarity, demand, and expert guidance needed to make smart, profitable decisions. Contact us today to request your custom feasibility study or download a free sample report to see what sets BMSGRP apart.
Additional Services Included:
- An Overview of the State of the Self Storage Industry in Your Area
- A Detailed Executive Summary WITH RECOMMENDATIONS on How to Move Forward
- Further Detailed Demographics
- Competition Review
- Comprehensive Rate Summary
- Absorption Information
- Proforma
We will physically visit your site and collect all the information we need to set you up for storage success.
Get a Free Sample Feasibility Study Now!
