No easy answer in today's volatile market. The average investment size for a new storage project is probably above $5M. We work on a lot of projects above $10M in total construction costs. Single-story construction can be from $65-80/SF, and multi-story is usually between $75-100/SF in most markets. Big urban centers often can be the exception, with higher construction costs. Outside of construction, permitting, lease-up expense, interest, design, land costs, and start-up costs are generally defined specific to individual projects. Don’t overlook these!