Conversions

Miller Buildings

Self Storage Conversions:
A Smart, Cost-Effective Entry Point

Urban markets have been the target of self storage construction often referred to as a conversion. Self storage developers can utilize existing vacant buildings for mini storage construction. As far as self storage construction goes, a conversion is the least expensive way to build, and the fastest way to get into the self storage business.

A conversion provides internal spaces, or, self storage that is inconvenient, because it is not easily accessed, unlike drive-up self storage buildings. Most conversions involve multi-level storage construction or steel mezzanines with integrated mini storage construction. Conversions are a perfect fit for pre-engineered steel structures, providing flexibility and fast construction. Self storage construction developers value the ability to “phase in” the construction of the self storage units, reducing vacancies.

The low cost to develop a conversion has made overbuilding in certain markets an issue.

Always consider a self storage consultant when you are developing a business plan for a self storage facility.