More self-storage conversion projects on deck for 2020

Self-storage conversions — taking an existing building and turning it into a self-storage facility — continue to draw significant interest this year.

“About 12 million of the over 64 million that opened last year were conversions,” says Steven Weinstock, who oversees the self-storage division at Marcus & Millichap. “This year, we are expecting about 60 million to be delivered; 8 million of it is forecast to be conversions.”