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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