Feasibility Study Services
If you’re looking to invest in a self-storage property but aren’t sure if it’s feasible, Box Pro Consulting can help. With our feasibility study services, we can help you figure out whether the units you’re looking at are right for you.
Our team of experts has extensive experience in self-storage feasibility analysis and the self-storage industry, as well as thorough knowledge of market trends. We understand the importance of conducting a feasibility study before investing in any business, and that’s why we’re dedicated to helping you make informed decisions with our feasibility services.
With our feasibility study services, we’ll analyze various factors, such as the demand for self-storage units in your target location, competition analysis, financial projections, and much more. We’ll help you determine the potential success of your self-storage project.
Expert
Insight
What We Do
As self storage consultants, we can address just about any specific question you have on your potential project. Common studies/services include:
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Self-Storage Feasibility Study: This is the most popular study. It includes everything listed above, and our team can complete it remotely or with a site visit. A self-storage feasibility study costs $5,700 if done remotely or $7,700 with a site visit. Make sure to ask about our monthly specials for potential discounts. Delivery time is generally 7–10 days for the remote study and 3–4 weeks if including a site visit.
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Abbreviated Market Study: This study aims to establish the overall demand for self-storage in your market but does not include any project-specific analysis or projections. The abbreviated market study includes demographic analysis, supply/demand analysis, competitor analysis, and rental rate analysis. The abbreviated self-storage market study costs $3,500.
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Market Identification Study: Where is the best place to build a self-storage project? If you don’t have a site picked out, we can conduct a reverse market analysis to help you identify markets that are ideal for new self-storage development. The cost ranges between $3,000 and $7,000, depending on the geographic scope of the study.
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RV/Boat Storage Feasibility Study: We can replicate all our studies for RV/boat storage. You’ll get an analysis of RV/boat storage market dynamics, including RV/boat sales and ownership statistics, tourism statistics, and marina capacity.
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And more: Have a specific or unique issue you need help with? Let's chat.