Self-storage growth, for better or worse?

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HOUSTON – The six-story Proguard Self Storage facility expects to finish construction by the end of 2018.

The facility, off Katy Fwy. and near Memorial City, will total nearly 270,000 sf with 1,750 air-conditioned units.

However, industry leaders are increasingly concerned that self-storage is becoming overbuilt in many parts of Houston.

In fact, Houston ranks No. 2 nationally for the number of self-storage facilities, with nearly double the square footage of Los Angeles and Chicago, according to STR.