Q1 2020 VA - Self Storage Performance Quarterly

Self Storage Performance Quarterly

The graph below reflects the net difference in the ratio since February 2018. The trend line suggests that the ratio of move-ins is returning to parity with move-outs. In layman’s terms, when the trend line is sloping upward, demand is increasing and conversely, a downward sloping line would indicate weakening demand. Storage Demand – The following tables illustrate the trends in demand based upon 281,000± self- storage units found in 460± facilities SSDS tracks every month.

Ratio of Move-Ins to Move-Outs Net Difference in Ratio

0.0%

-0.5%

-1.0%

-1.5%

-2.0%

-2.5%

-3.0%

1-Year Moving Average

Storage Demand – Nationwide

1Q20 vs. 1Q19

February 2020 vs. January 2020

February 2020 vs. February 2019

Total Rental Activity

-3.4%

8.4%

5.1%

Move-Ins

1.1%

7.9%

5.5%

Move-Outs

-7.5%

9.0%

4.7%

Source: Cushman & Wakefield, Inc.

Source: Cushman & Wakefield, Inc. The Self Storage Performance Quarterly , a publication of Cushman & Wakefield, Inc., 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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