Amazon and other ecommerce players aren’t the only ones on the hunt for vacant industrial and retail spaces to possibly convert into storage depots. And industry executives estimate the industrial-to-storage pipeline will accelerate as investors pour billions into it.
The Greater Boston self-storage sector has awakened from a decades-long slumber, as real estate investment trusts and other major investors jump into the market and sink millions of dollars into building new facilities and converting old industrial properties into storage depots in the region.
U-Haul will soon offer a self-storage and retail facility at a Framingham office building it bought last year at 15 Pleasant St. Connector.
A historic Worcester shoe factory is set to become a self-storage facility.
Construction will cost between $13 million and $14 million.
