Q1 2020 VA - Self Storage Performance Quarterly

Self Storage Performance Quarterly

Market Conditions

West Region

Sample Size

Total Facilities

Sample Size

% Sample

Mountain

4,465

687

15.4%

Pacific

6,255

1,710 27.3%

West Region

10,720

2,397

22.4%

Rental Rate Per Sq. Ft.

% Change

1Q19

1Q20

Rental Rates

-6.00% -5.00% -4.00% -3.00% -2.00% -1.00% 0.00%

Mountain Median

$1.0500 $1.0000

-4.8%

Average

$1.1077 $1.0530

-4.9%

Pacific Median

$1.4900 $1.4900

0.0%

Average

$1.5711 $1.5654

-0.4%

West Region Median

West Region Mountain Pacific

$1.3500 $1.3500

0.0%

Median Average

$1.3781 $1.3519

-1.9%

Average

Physical Occupancy

Absolute Change

Average Physical Unit Occupancy

1Q19

1Q20

Mountain Median

88.00% 89.00% 90.00% 91.00% 92.00% 93.00% 94.00%

90.0%

92.1% 2.1%

Average

90.5%

93.1% 2.6%

Pacific Median

92.0%

92.0% 0.0%

Average

91.7%

92.1%

0.4%

West Region Median

1Q18

1Q19

1Q20

91.0%

92.0%

1.0%

West Region

Mountain

Pacific

91.2%

92.5%

1.3%

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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