Q1 2020 VA - Self Storage Performance Quarterly

Self Storage Performance Quarterly

East Region’s Divisional Performance 1Q20 vs. 1Q19

Mideast vs. Nationwide

Northeast vs. Nationwide

Mideast Division

Northeast Division

Nationwide

-3.8%

-5.5%

-1.9%

-1.9%

-3.6%

Asking Rental Rates

1.0%

0.0%

1.0%

0.0%

-1.0%

Physical Occupancy

-4.5%

-5.8%

-1.7%

-2.8%

-4.1%

Rent per Available SF

Percent of Facilities Offering Concessions Effective Cost of Concessions Factor

69.0%

59.4%

63.8%

5.2%

-4.4%

8.7%

6.6%

7.1%

1.6%

-0.5%

Source: Cushman & Wakefield, Inc.

Midwest Region’s Divisional Performance 1Q20 vs. 1Q19

East North Central vs. Nationwide

West North Central vs. Nationwide

West North Central Division

East North Central Division

Nationwide

-3.4%

-9.6%

-1.9%

-1.5%

-7.7%

Asking Rental Rates

1.0%

2.0%

1.0%

0.0%

1.0%

Physical Occupancy

-3.1%

-10.0%

-1.7%

-1.4%

-8.3%

Rent per Available SF

Percent of Facilities Offering Concessions

55.0%

59.5%

63.8%

-8.8%

-4.3%

Effective Cost of Concessions Factor

6.4%

8.1%

7.1%

-0.7%

1.0%

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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