Q1 2020 VA - Self Storage Performance Quarterly

Self Storage Performance Quarterly

SSDS CONCESSION INDEX

Self Storge Concession Index

125

120

115

107.8

110

105

Index

100

95

90

85

80

Base: 4 th Quarter 2003 = 100

Trends in Ten Most Popular Concessions

PERCENT OF FACILITIES OFFERING EACH TYPE

Absolute Change (%)

Type of Rent Concession

1Q19 2Q19 3Q19 4Q19 1Q20

Quarterly Seasonal Annual

Various Specials

22.29% 18.86% 25.42% 29.87% 33.50% 3.63% 11.21% 2.80%

$1.00 Move-In

6.50% 9.36% 6.89% 6.62% 7.80% 1.18% 1.30% 0.33%

1st Month Free

4.36% 6.22% 5.72% 6.17% 5.08% -1.09% 0.72% 0.18%

1 Month Free

6.16% 5.62% 2.03% 2.31% 3.66% 1.35% -2.50% -0.63%

1/2 Off 1st Month

3.62% 4.50% 4.99% 2.92% 3.02% 0.10% -0.60% -0.15%

1/2 Off 1st 2 Months

1.19% 1.28% 1.16% 1.38% 1.37% -0.01% 0.18% 0.05%

1 Month Free w/ One-way

3.24% 2.79% 2.32% 1.60% 1.06% -0.54% -2.18% -0.55%

1/2 Off 1st 3 Months

0.76% 0.79% 1.38% 1.13% 0.91% 0.09% 0.43% 0.11%

Move-In Specials

0.97% 1.16% 0.95% 0.90% 0.86% -0.04% -0.11% -0.03%

1/2 Month Free

0.30% 0.14% 0.06% 1.21% 0.66% -0.55% 0.36% 0.09%

Other Concessions

2.44% 2.63% 2.48% 2.66% 2.13% -0.53% -0.31% -0.08%

None

48.17% 46.65% 46.60% 43.23% 39.95% -3.28% -8.22% -2.06%

Total

100.0% 100.0% 100.0% 100.0% 100.00%

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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