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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