Q1 2020 VA - Self Storage Performance Quarterly
Self Storage Performance Quarterly
Market Conditions
South Region
Sample Size
Total Facilities
Sample Size
% Sample
Southeast
6,924
1,424
20.6%
Southwest
8,188
1,868
22.8%
South Region
15,112
3,292
21.8%
Rental Rate Per Sq. Ft.
% Change
1Q19
1Q20
Rental Rates
Southeast Median
-6.00% -5.00% -4.00% -3.00% -2.00% -1.00% 0.00%
$0.9500 $0.9400
-1.1%
Average
$1.0152 $0.9855
-2.9%
Southwest Median
$0.8500 $0.8300
-2.4%
Average
$0.8955 $0.8605
-3.9%
South Region Median
South Region Southeast
Southwest
$0.9000 $0.8500
-5.6%
Median Average
$0.9504 $0.9178
-3.4%
Average
Physical Occupancy Southeast Median
Absolute Change
Average Physical Unit Occupancy
1Q19
1Q20
91.00%
90.0%
91.0%
1.0%
Average
89.6%
90.6%
1.0%
90.00%
Southwest Median
89.00%
89.7%
90.0%
0.3%
88.00%
Average
88.9%
89.9%
1.0%
87.00%
South Region Median
1Q18
1Q19
1Q20
90.0%
90.0%
0.0%
South Region
Southeast
Southwest
89.2%
90.2%
1.0%
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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