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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