Q1 2020 VA - Self Storage Performance Quarterly

Self Storage Performance Quarterly

Market Conditions

Midwest Region

Sample Size

Total Facilities

Sample Size

% Sample

East North Central West North Central

7,075

1,278

18.1%

3,716

434

11.7%

Midwest Region

10,791

1,712

15.9%

Rental Rate Per Sq. Ft.

% Change

Rental Rates

1Q19

1Q20

-12.00% -10.00% -8.00% -6.00% -4.00% -2.00% 0.00%

East North Central Median

$0.8800 $0.8500

-3.4%

Average

$0.9063 $0.9038

-0.3%

West North Central Median

$0.9400 $0.8500

-9.6%

Average

$0.9857 $0.8753

-11.2%

Midwest Region

East North Central

West North Central

Midwest Region Median

$0.8900 $0.8500

-4.5%

Median Average

$0.9336 $0.8940

-4.2%

Average

Physical Occupancy

Absolute Change

Average Physical Unit Occupancy

1Q19

1Q20

East North Central Median

94.00%

90.0%

91.0%

1.0%

Average

89.8%

90.9%

1.1%

92.00%

West North Central Median

90.00%

91.0%

93.0%

2.0%

88.00%

Average

90.4%

92.4%

2.0%

86.00%

Midwest Region Median

1Q18

1Q19

1Q20

90.0%

91.1%

1.1%

Midwest Region

ENC WNC

90.0%

91.4%

1.4%

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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