Q1 2020 VA - Self Storage Performance Quarterly

Self Storage Performance Quarterly

Section I – Executive Summary

Performance At-a-Glance

FIRST QUARTER 2020

(BENCHMARK GROUND LEVEL 10X10 NON-CLIMATE-CONTROLLED-UNITS)

Annual Current Four Quarters vs. Preceding Four Quarters (1)

Quarterly 1Q20 vs. 4Q19

Seasonal 1Q20 vs. 1Q19

Nationwide

Down -1.0%

Down -1.9%

Down -0.5%

Asking Rental Rate

Up 0.1%

Up 1.0%

Up 0.3%

Physical Occupancy Rate

Rent Per Available Sq. Ft. (Rental Income)

Down -1.2%

Down -1.7%

Down -0.4%

Annual Current Four Quarters vs. Preceding Four Quarters (1)

Quarterly 1Q20 vs. 4Q19

Seasonal 1Q20 vs. 1Q19

REITs

Down -3.9%

Down -10.8%

Down -2.6%

Asking Rental Rate

Up 0.1%

Up 0.4%

Up 0.1%

Physical Occupancy Rate

Rent Per Available Sq. Ft. (Rental Income)

Down -4.4%

Down -10.5%

Down -2.5%

Note: (1) The Annual changes reflect the percent change in the moving average for the four quarters ended in the current quarter relative to the four quarters ended in the previous quarter

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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