Q1 2020 VA - Self Storage Performance Quarterly

Self Storage Performance Quarterly

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

Southeast vs. Nationwide

Southwest vs. Nationwide

Southeast Division

Southwest Division

Nationwide

-1.1%

-2.4%

-1.9%

0.8%

-0.5%

Asking Rental Rates

1.0%

0.3%

1.0%

0.0%

-0.7%

Physical Occupancy

-0.8%

-2.3%

-1.7%

0.9%

-0.6%

Rent per Available SF

Percent of Facilities Offering Concessions

82.8%

59.9%

63.8%

19.0%

-3.9%

Effective Cost of Concessions Factor

7.3%

7.0%

7.1%

0.2%

-0.1%

Source: Cushman & Wakefield, Inc.

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

Pacific vs. Nationwide

Mountain vs. Nationwide

Mountain Division

Pacific Division

Nationwide

0.0%

-4.8%

-1.9%

1.9%

-2.9%

Asking Rental Rates

0.0%

2.1%

1.0%

-1.0%

1.1%

Physical Occupancy

-0.7%

-4.2%

-1.7%

1.0%

-2.5%

Rent per Available SF

Percent of Facilities Offering Concessions

59.3%

67.0%

63.8%

-4.5%

3.2%

Effective Cost of Concessions Factor

6.6%

8.2%

7.1%

-0.5%

1.1%

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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