Complete Story
 

11/01/2017

17 in '17, So Far

By Paul Boyle
Cushman & Wakefield, AZSA Member 

Between July and September 2017 in the Phoenix metro area, 6 self-storage facilities were completed, 16 were under construction, and 52 were in the pipeline as planned or proposed. The 6 new stores comprise over 700,000 square feet and just under 4,000 units. The 17 in '17 have added over 1.6 million square feet and almost 12,000 units to the Phoenix MSA. The additional 16 under construction represent another 1.6 million square feet and over 8,700 units. The Phoenix market, like other major metropolitan areas in 2017, is on track to be the biggest year ever for new construction throughout the country.

This according to AZSA member Paul Boyle, of Cushman & Wakefield, in the Third Quarter 2017 Report, “Phoenix Completed, Planned, & Under Construction Self-Storage Development Study.” For more information, contact Paul at Paul.Boyle@cushwake.com or 602-224-4414.

Paul Boyle Q3 2017 Development Stats

 

Stores opening in Q3 of 2017 include:

  1. Dollar Self Storage in Chandler, with 853 units
  2. Villages at Val Vista in Gilbert, with 1,200 units
  3. US 60 Self Storage in Mesa, with 600 units
  4. US Storage Center in Phoenix, with 821 units
  5. US Storage Center in Scottsdale, with 942 units
  6. Coyote Lakes Mini-Storage in Surprise, with 650 units

Since the beginning of the year, 17 new facilities opened, including:

  • 5 in Chandler, adding 436,423 square feet
  • 4 in Phoenix, adding 384,274 square feet
  • 2 in Surprise, adding 175.781 square feet
  • 1 each in Gilbert, Glendale, Mesa, Queen Creek, Scottsdale & Tempe, adding from 72,000 to 166,012 square feet each

Since the beginning of the year, 85 new facilities were either completed, under construction, or planned/proposed, including:

  • 24 in Phoenix
  • 12 in Mesa
  • 8 each in Chandler, Gilbert & Scottsdale
  • 6 in Surprise
  • 4 in Queen Creek
  • 3 each in Buckeye, Goodyear & Peoria
  • 2 each in Avondale & Glendale
  • 1 each in Tempe & Tolleson

For more information, contact Paul Boyle at Paul.Boyle@cushwake.com or 602-224-4414.