Q1 2020 VA - Self Storage Performance Quarterly
Self Storage Performance Quarterly
Market Conditions
East Region
Sample Size
Total Facilities
Sample Size
% Sample
Mideast Division
5,158
838
16.2%
Northeast Division
5,001
1,259
25.2%
East Region
10,159
2,097
20.6%
Rental Rate Per Sq. Ft.
% Change
Rental Rates
1Q19
1Q20
Mideast Division Median
0.00%
$1.0400 $1.0000
-3.8%
-2.00%
Average
$1.1216 $1.0537
-6.1%
-4.00%
Northeast Division Median
$1.2700 $1.2000
-5.5%
-6.00%
Average
$1.3817 $1.3310
-3.7%
-8.00%
East Region Median
East Region Mideast
Northeast
$1.1800 $1.1200
-5.1%
Median Average
$1.2497 $1.1902
-4.8%
Average
Physical Occupancy
Absolute Change
Average Physical Unit Occupancy
1Q19
1Q20
Mideast Division Median
92.00%
89.0%
90.0%
1.0%
Average
89.1%
90.3%
1.2%
90.00%
Northeast Division Median
89.0%
89.0%
0.0%
88.00%
Average
89.3%
89.1%
-0.2%
86.00%
East Region Median
1Q18
1Q19
1Q20
89.0%
90.0%
1.0%
East Region
Mideast
Northeast
89.2%
89.7%
0.5%
Average
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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