Urban Storage Fund Self storage demand is causing creative methods to be explored (photo courtesy of Urban Storage Fund).

WALNUT CREEK, CA—As retail rates in suburban downtowns become more expensive, valuable showcase space used as storage is being reconsidered. As a result, retailers are renting space in storage facilities. Also, some upscale cities are becoming open to having public storage units closer to downtowns, whereas in the past, this use was relocated to the outer city limits. In these situations, some of these buildings are upgrading the facades of buildings and even putting retail uses on the ground floor, GlobeSt.com learns in this exclusive with Transwestern and Rutan & Tucker experts.

“In those hot downtowns, $70 NNN high rentals don’t allow space for back-end/just in time storage,” Edward Del Beccaro, senior managing director of Transwestern, tells GlobeSt.com. “With an increase of retail in suburban/urban nodes, it makes sense to increase storage there. Most cities don’t want to waste valuable space but they are re-evaluating uses to create or free up sales tax-generating showroom space.”

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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