Q1 2020 Combined MSAs

Self-Storage Metropolitan Statistical Area Report

1st Quarter 2020

Atlanta-Sandy Springs-Marietta, GA MSA Sample Size SSDS Sample Size 326 Sample as Percent of Total Facilities 46%

Market Conditions

Rentable SF Per Person

Conclusion

6.68 5.89

Over-Supplied

MSA

National

Supply Ratios

MSA

Top 50 MSA

Diff

Households per existing self storage unit

7.1

7.8

-0.7

Performance at a Glance

Quarterly

Seasonal

Annual Change

1Q20 vs 4Q19

1Q20 vs 1Q19

No change

Down -1.2%

Down -0.3%

Asking Rental Rate

0.0%

No change

Up

Up

Physical Occupancy Rate Rent per Available SF (Rental Income)

0.0%

1.0%

1.0%

Up

Up

Up

0.8%

0.9%

0.2%

Self-Storage Performance Index (SSPI)®

Asking Rental Rates Non-Climate Controlled - Ground Levels Min

100 120 140 160 180

Median $44.95 $61.00 $86.45 $160.00 $210.99

Max

Average $44.49 $60.49 $89.37 $167.09 $881.36

$33.00 $43.00 $70.00 $149.95 $182.00

$54.95 $74.95 $104.00 $191.00 $264.00

25 SF 50 SF

100 SF 200 SF 300 SF

60 80

Base = 4 Quarter 2003

SSDS Index

Rent per Available SF 100 SF

1Q19

1Q20

Change

MSA Index

National Index

$0.7081 $0.7374

$0.7142 $0.7459

0.9% 1.2%

Median Average

Rent Per Available Square Foot (based on 100 square foot units)

Occupancy

1Q19 89.0% 82.3%

1Q20 90.0% 84.0%

Change

$0.50 $0.60 $0.70 $0.80 $0.90 $1.00

1.1% 2.0%

Physical Unit Occupancy Economic Occupancy

Concessions (Percentage Offering)

1Q19

1Q20

Change -15.6% 17.0%

59.6% 51.8%

50.3% 60.7%

MSA

Nationwide

MSA - Income & Expenses Guide Medians MSA

National

$/SF 7.42

$/SF 11.35

MSA

National

Effective Gross Income

Physical Occupancy

0.57 0.18 0.19 0.34 0.82 0.47 0.20 0.15 0.05

1.12 0.12 0.35 0.46 1.04 0.67 0.27 0.21 0.07

Taxes

Insurance

72.0% 76.0% 80.0% 84.0% 88.0% 92.0%

Repairs & Maintenance

Administration

On-Site Management Off-Site Management

Utilities

Advertising

Miscellaneous

Total Expenses

2.97

4.31

40.0%

38.0%

Expense Ratio

MSA

National

The data and findings contained in this report are the result of operating data collected each quarter from more than 18,000 self- storage facilities located in the United States. Source: Cushman & Wakefield, Inc. This publication is intended solely for use by paid subscribers. Reproduction or distribution in whole or part without written permission is prohibited and subject to legal action. Copyright® 2020.

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